Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS

1. Name of the Issuer

BlackRock Greater Europe Investment Trust plc

2. State whether the notification relates to (i) a transaction notified in
accordance with DTR 3.1.2R; (ii) a disclosure made in accordance with LR 9.8.6R
(1), or a disclosure made in accordance with section 793 of the Companies Act 
(2006)

(i)

3. Name of person discharging managerial responsibilities/director

Ms Carol Ferguson

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

Above named Director

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

Ordinary Shares of 0.1p each and Subscription Shares of 0.1p each

7. Name of registered shareholder(s) and, if more than one, the number of
shares held by each of them

TD Waterhouse

8. State the nature of the transaction

Exercise of Subscription Shares and subsequent acquisition of Ordinary Shares

9. Number of shares, debentures or financial instruments relating to shares
acquired

8,000 Ordinary Shares

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculation percentage)

0.006%

11. Number of shares, debentures or financial instruments relating to shares
disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculation percentage)

N/A

13. Price per share or value of transaction

183p

14. Date and place of transaction

8 November 2012, London

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when calcula
ting percentage)

48,000 Ordinary Shares - 0.04%

16. Date issuer informed of transaction

8 November 2012

17. Date of grant

N/A

18. Period during which or date on which it can be exercised

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to
be fixed at the time of the exercise

N/A

22. Total number of shares or debentures over which option held following
notification

N/A

23. Any additional information

None

24. Name of contact and telephone number for queries

C Driscoll
Company Secretary
BlackRock Investment Management (UK) Limited
Tel: [phone]

Date: 8 November 2012