Acquisition by Issuer of Shares

BlackRock Greater Europe Investment Trust plc - Acquisition by Issuer of Shares 
                                                                               
On 28 March 2011, the Company offered to repurchase up to 20 per cent. of its  
issued ordinary shares excluding treasury shares (97,435,751).                 
                                                                               
The Tender Offer was under subscribed and 2,229,788 shares (2.288% of the      
issued ordinary shares excluding treasury shares) were tendered. The Tender was
satisfied in full and on 2 June 2011, 2,229,788 shares were purchased by the   
Company under the Tender Offer. All of the shares purchased are held in        
Treasury.                                                                      
                                                                               
The Company announces, pursuant to DTR 5.5.1 of the Disclosure and Transparency
Rules, that as a result of the Tender Offer the purchase by the Company of the 
2,229,788 shares fell below the threshold of 5% of the Company's total number  
of voting rights.                                                              
                                                                               
As a result of the Tender Offer there are now 95,205,963 shares in issue       
excluding treasury shares.                                                     
                                                                               
7 June 2011                                                                    
                                                                               
Caroline Driscoll - Company Secretary                                          
Tel: [phone]