Transaction in Own Shares

Merrill Lynch Greater Europe IT PLC
02 June 2006



Transaction in Own Shares

Merrill Lynch Greater Europe Investment Trust plc


The Company announces that 6,020,000 Ordinary Shares of 0.1p each were today
cancelled from the shares held in treasury.


The resultant total number of Ordinary Shares held in treasury by the Company is
3,466,164.


The number of Ordinary Shares that the Company has in issue, less the total
number of Ordinary Shares held by the Company in treasury, is 130,238,932.


Contact name for queries:


Ms C Driscoll - Merrill Lynch Investment Managers Limited


Tel:  [phone]


2 June 2006


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