Result of Tender offer

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

21 November 2011

                 BlackRock Greater Europe Investment Trust plc                 
                          Results of the Tender Offer                          

Background

The Company offered to repurchase up to 20 per cent. (19,273,653) of its issued
Ordinary Shares excluding any Shares held in treasury (96,368,264).

The Tender Offer was undersubscribed and 1,495,164 Ordinary Shares representing
1.55% of the issued Ordinary Shares (excluding treasury shares) were tendered.
The Tender will be satisfied in full.

Expected timetable of events

Calculation date close of business on    30 November 2011

Tender price announced                   1 December 2011

Cheques despatched and payments          as soon as practicable after
made through CREST                       5 December 2011

Balancing Ordinary Share certificates    as soon as practicable after
despatched and CREST accounts settled    5 December 2011


Definitions

Terms defined in the Circular have the same meaning when used herein unless the
context otherwise requires.

Enquiries

BlackRock Investment Management (UK) Limited 020 7743 3000
Jonathan Ruck Keene
Caroline Driscoll

Collins Stewart Europe Limited 020 7523 8000
David Yovichic

Collins Stewart Europe Limited is acting for the Company in connection with the
Tender Offer and no one else and will not be responsible to anyone other than
the Company for providing the protections offered to clients of Collins Stewart
Europe Limited nor for providing advice in relation to the Tender Offer.