Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 30 November 2012

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 2012
to 30 November 2012, 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)    4.9%      8.9%    19.8%    24.9%     134.4%
Net Asset Value* (Diluted)      5.5%      9.2%    19.9%    25.0%     134.5%
Share Price*                    2.9%     10.3%    14.9%    24.2%     123.9%
FTSE World Europe ex UK         3.8%      7.8%    13.8%     7.0%      81.9%

* Net asset value and share price performance includes the Subscription Share
reinvestment, assuming the Subscription Share entitlement per share was sold
and the proceeds reinvested on the first day of trading.

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


Ten Largest Equity Holdings at 30 November 2012 (in alphabetical order)

BASF
Cie Financière Richemont
Continental
Novo Nordisk
Roche
Ryanair
Schneider Electric
Swiss Re
Volkswagen
Zurich Insurance


Financial position and performance as at 30 November 2012

Total Assets (including income)                                 £251.2m
Short term borrowings                                            £10.9m
                                                                       
Net asset value per share (undiluted and including income)      198.73p
Net asset value per share (diluted for Treasury Shares                 
and including income)                                           198.73p
Share Price                                                     188.75p
Ordinary Shares in Issue*                                   120,947,078
                                                                       
Actual Gearing                                                     4.5%
Discount to NAV (including income)                                 5.0%
Discount to NAV (including income and diluted for
Treasury Shares)                                                   5.0%    
Average Discount over the Period - Diluted                         4.0%
Average Discount over the Period - Undiluted                       4.6%

* Excluding 4,760,637 shares held in treasury


Material Events & Transactions

Following the final opportunity for holders of Subscription Shares to subscribe
for Ordinary Shares, 1,153,955 Ordinary Shares were subscribed for on 8
November 2012. Following the adjourned Class Meeting of Subscription
Shareholders held on 30 November 2012, all outstanding Subscription Shares were
redesignated as Deferred Shares. The listing of the Deferred Shares was
cancelled with effect from 08.00 a.m. on 3 December 2012.

Following the semi-annual tender offer on 30 November 2012, 4,661,723 shares
were bought back and of these 1,291,662 were placed in treasury on 4 December
2012 and the remaining 3,370,061 shares were cancelled.

There were no other material events or transactions, other than the purchase
and sale of securities undertaken in the normal course of business.

Annual Report

The Company announced its annual results for the year ended 31 August 2012 on
10 October 2012.

Dividend

A final dividend in respect of the year ended 31 August 2012 of 4.20p per
Ordinary Share was declared by the directors and was approved by shareholders
at the Annual General Meeting held on 29 November 2012. The dividend was paid
on 7 December 2012 to shareholders on the register on 26 October 2012 (ex
dividend date 24 October 2012).

The Board is not aware of any other significant events or transactions, except
as disclosed herein, occurring between 30 November 2012 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]

10 January 2013

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.