Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 31 May 2011

To the members of BlackRock Greater Europe Investment Trust plc

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure & Transparency Rules. 
It should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 March 2011 to 
31 May 2011, and contains information that covers this period, and up to the 
date of publication of this interim management statement.

The Company invests in a combination of large, mid and small capitalisation
European companies, together with some investment in the developing markets of
Europe. The portfolio is managed by Vincent Devlin & Samuel Vecht of BlackRock
Investment Management (UK) Limited.


Stock Performance

Cumulative Performance (%):
                                 One     Three       One     Three       From
                               Month    Months      Year     Years     Launch
                                                                           
Net Asset Value (Undiluted)    -1.5%      4.3%     34.2%     31.4%     149.8%
Net Asset Value (Diluted)      -1.2%      3.8%     30.3%     27.6%     142.6%
Share Price                    -1.0%      3.7%     35.5%     30.8%     133.4%
FTSE World Europe ex UK        -2.3%      3.6%     24.2%      7.8%      98.9%

All performance figures are in sterling terms on a total return basis.


Ten Largest Equity Holdings at 31 May 2011 (in alphabetical order)

Atlas Copco
Compagnie Financière Richemont
DNB
Kone
Legrand
LVMH
Nestlé
Novartis
Novo Nordisk
Schneider Electric


Financial position and performance as at 31 May 2011

Gross Assets (£m) (including income)                                  222.7
Short term borrowings (£m)                                              4.5
                                                                           
Net asset value per share (including net revenue of 5.93p)          223.98p
Net asset value per share (including net revenue of 5.93p                  
and diluted for subscription shares)                                217.44p
Share Price                                                         208.50p
Ordinary Shares in Issue*                                        97,435,751
Subscription Share Price                                             30.75p
Subscription Shares in Issue                                     18,515,026
                                                                           
Actual Gearing                                                         2.0%
Discount to NAV (including income)                                     6.9%
Discount to NAV (including income and diluted for
subscription shares)                                                   4.1%
Average Discount over the Period - Diluted                             3.7%
Average Discount over the Period - Undiluted                           6.2%

* Excluding 2,898,166 shares held in treasury


Material Events & Transactions

The Company announced its half yearly financial results for the six months
ended 28 February 2011 on 12 April 2011.

Following the third opportunity for shareholders to convert their subscription
shares, 227,425 subscription shares were converted into ordinary shares on 
12 May 2011.

Following the semi-annual tender offer on 31 May 2011, 2,229,788 shares were
bought back and placed in treasury on 3 June 2011. In addition, 2,898,166
shares which were placed in treasury following the December 2010 tender were
cancelled on 1 June 2011. There were no other material events or transactions,
other than the purchase and sale of securities undertaken in the normal course
of business.

The Board is not aware of any significant events or transactions, except as
disclosed herein, occurring between 31 May 2011 and the date of publication of
this interim management statement which would have a material impact on the
financial position of the Company.

Contact details:
Caroline Driscoll
Secretary
Tel: [phone]

4 July 2011


ENDS


Please note more detailed performance information is available on the
Investment Manager's website: www.blackrock.co.uk/brge. Neither the contents of
the Manager's website not the contents of any website accessible from
hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement.