Tender Offer

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

20 November 2009

                 BlackRock Greater Europe Investment Trust plc                 

                          Results of the Tender Offer                          

Background

The Company offered to repurchase up to 20 per cent. of its issued Ordinary
Shares excluding any Shares held in treasury (105,124,598).

The Tender Offer was undersubscribed and 3,440,129 Ordinary Shares (3.27% 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 2009
Tender price announced        1 December 2009
Cheques despatched and 
payments made through 
CREST                         as soon as practicable after 3 December 2009
Balancing Ordinary 
Share certificates
despatched and CREST 
accounts settled              as soon as practicable after 3 December 2009

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.