BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC - Net Asset Value(s)

NET ASSET VALUE

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

The unaudited net asset values for BlackRock Greater Europe Investment Trust
plc at close of business on 19 December 2014 were:

233.73p Capital only (undiluted)
233.73p Capital only (Diluted for subscription shares)
233.73p Capital only (Diluted for subscription shares & treasury shares)
234.20p Including current year income (undiluted)
234.20p Including current year income (Diluted for subscription shares)
234.20p including current year income (Diluted for subscription shares & treasury shares)

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.

3. Following implementation of the Tender Offer on 8 December 2014, 3,034,286
ordinary shares tendered have been cancelled and 131,977 Ordinary Shares
tendered have been transferred into Treasury. Following implementation of the
Tender Offer the Company now has 105,671,408 Ordinary Shares in issue,
(excluding 5,561,653 Ordinary Shares which are held in Treasury). The Company
also has 20,638,235 Subscription Shares in issue.

4. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the BlackRock managed
Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).