Treasury Stock

Merrill Lynch Greater Europe IT PLC
16 January 2006

                                 TREASURY STOCK


Merrill Lynch Greater Europe Investment Trust plc

The Company announces that 250,000 Ordinary shares of 0.1p each were today sold
by the Company from the shares held in Treasury at a price of 144.75p per share.

The resultant total number of Ordinary shares held in Treasury by the Company is
6,770,000.  The number of Ordinary shares that the Company has in issue, less
the total number of Ordinary shares held by the Company in Treasury following
this sale, is 132,955,096.

Contact name for queries:

Ms C Driscoll - Merrill Lynch Investment Managers Limited

Tel:  [phone]


16 January 2006


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