Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 30 November 2010

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 September 2010
to 30 November 2010, and contains information that covers this period, and up
to the date of publication of this interim management statement. Please note
more detailed performance information is available on the Manager's website:
www.blackrock.co.uk/IndividualInvestors/Literature/InvestmentTrusts/Factsheets/
index.htm

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.

Stock Performance

Cumulative Performance (%):

                                   One      Three        One       From
                                 Month     Months       Year     Launch
Net Asset Value (Undiluted)      -3.5%       9.7%      13.0%     111.9%
Net Asset Value (Diluted)        -2.8%       9.2%      12.4%     111.0%
Share Price                      -3.7%      16.6%      13.3%     104.3%
FTSE World Europe ex UK          -6.5%       5.5%      -0.1%      69.9%

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


Ten Largest Equity Holdings at 30 November 2010 (in alphabetical order)

Daimler
Legrand
Nokian Renkaat
Novartis
Novo Nordisk
Schneider Electric
Swatch
Syngenta
Technip
Vopak


Financial position and performance as at 30 November 2010

Gross Assets (£m)                           199.6
Short term borrowings (£m)                    9.6
                                                 
Net asset value per share*                190.30p
Ordinary Share Price                      182.50p
Ordinary Shares in Issue**             99,871,041
Subscription Share Price                   23.00p
Subscription Shares in Issue           18,977,902
                                                 
Actual Gearing                               4.8%
Discount to NAV***                           4.1%
Average Discount over the Period             5.7%
                                                 
*   Includes net revenue of 0.38p
**  Excluding 2,642,046 shares held in treasury
*** Includes income


Material Events & Transactions

Following the first opportunity for shareholders to convert their subscription
shares on 1 November 2010, 828,618 subscription shares were converted into
ordinary shares on 8 November 2010.

Following the semi-annual tender offer on 1 December 2010, 2,898,166 shares
were bought back and placed in treasury on 2 December 2010. In addition,
2,642,046 shares which were placed in treasury after the May 2010 tender were
cancelled on 1 December 2010.

Annual Report

The Company announced its annual results for the year ended 31 August 2010 on
14 October 2010.

Dividend

A dividend in respect of the year ended 31 August 2010 of 3.30p per ordinary
share was declared by the directors and was approved by shareholders at the
Annual General Meeting held on 1 December 2010. The dividend was paid on 9
December 2010 to shareholders on the register on 29 October 2010 (ex dividend
date 27 October 2010).

The Board is not aware of any significant events or transactions, except as
disclosed herein, occurring between 30 November 2010 and the date of
publication of this interim management statement which would have a material
impact on the financial position of the Company. Latest information is
available by typing, www.blackrock.co.uk/content/groups/uksite/documents/
literature/emea02012177.pdf on the internet, "BLRKINDEX" on Reuters, "BLRK" on
Bloomberg or "8800" on Topic 3 (ICV terminal).

Contact details:
Caroline Driscoll
Secretary
Tel: [phone]

10 January 2011

                                                                                                                                                any other website) is
incorporated into, or forms part of, this announcement.