Admission to Trading

Merrill Lynch Greater Europe IT PLC
20 September 2004


Merrill Lynch Greater Europe Investment Trust plc

Admission to Trading / Allotment of Shares

Shares in the Company were admitted to trading on the London Stock Exchange at
8.00 a.m. on Monday 20 September 2004.

The total number of shares issued was 164,841,285  (representing 164,756,285
shares arising from the reconstruction of Merrill Lynch European Investment
Trust plc, and 85,000 shares issued pursuant to the offer for subscription).

In calculating the number of shares issued at 100p under the terms of the
reconstruction of Merrill Lynch European Investment Trust plc the conversion
formula has taken account of the portion of the 1 per cent. contribution from
shareholders who elected for cash and as a consequence, shareholders have been
allotted additional shares.

The opening Net Asset Value per share of Merrill Lynch Greater Europe Investment
Trust plc on admission to trading on Monday 20 September 2004 was 100.00p.  The
size of the Company at the commencement of trading was £164,849,006.

Merrill Lynch Investment Managers has agreed to waive its fees in respect of the
first accounting period of the Company to 31 August 2005 (up to a maximum of
£600,000 excluding VAT and subject to Merrill Lynch Investment Managers
remaining the sole investment manager during that period) in order to cover the
estimated costs of forming and launching the Company.  Thereafter, it will
receive a basic investment management fee equal to 0.55 per cent per annum of
the Market Value of the Company, together with a performance fee based on the
out-performance of the share price/market capitalisation of the Company over the
FTSE World Europe ex UK Index.  The total amount of any performance and
investment management fees payable in respect of an accounting period will not
exceed 1 per cent of the average Market Value of the Company during the
accounting period.

All entitlements are expected to be notified by Friday 24 September 2004.

20 September 2004


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