Interim Management Statement

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 31 May 2014

To the members of BlackRock Greater Europe Investment Trust plc

This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure & Transparency Rules. It
should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 March 2014 to 
31 May 2014, and contains information that covers this period, and up to the 
date of publication of this interim management statement.

The Company invests in a combination of large, mid and small capitalisation
European companies, together with some investment in the developing markets of
Europe. The portfolio is managed by Vincent Devlin & Samuel Vecht of BlackRock
Investment Management (UK) Limited.

Stock Performance

Cumulative Performance (%):
                                One     Three       One     Three   Since Launch
                              Month    Months      Year     Years    (20 Sep 04)
                                                                                
Net Asset Value (Undiluted)    2.0%      0.1%      9.8%     23.5%         204.5%
Net Asset Value (Diluted)      2.7%      1.2%      9.8%     26.8%         203.5%
Share Price                    2.5%      1.2%     13.5%     30.2%         199.7%
FTSE World Europe ex UK        2.0%      3.3%     13.4%     23.2%         145.0%

Sources: BlackRock and Datastream

All performance figures are in sterling terms on a total return basis.

Ten Largest Equity Holdings at 31 May 2014 (in alphabetical order)

Adecco
Bayer
Continental
Deutsche Post
Novo Nordisk
Publicis
Roche
Ryanair
Schneider Electric
Syngenta

Financial position and performance as at 31 May 2014

Total Assets (£m) (including income)                                  276.9
Short term borrowings (£m)                                              Nil
Net asset value per share (undiluted and including income)          254.46p
Net asset value per share (diluted for subscription shares                 
and treasury shares and including income)                           253.25p
Share Price                                                         249.00p
Ordinary Shares in Issue*                                       108,815,767
Subscription Share Price                                             20.63p
Subscription Shares in Issue                                     20,660,139
                                                                           
Actual Net Gearing                                                     0.0%
Discount to NAV (undiluted and including income)                       2.1%
Discount to NAV (diluted for subscription shares and                       
treasury shares and including income)                                  1.7%
Average Discount over the Period - Undiluted                           2.4%
Average Discount over the Period - Diluted                             1.5%

* Excluding 5,429,676 shares held in treasury

Material Events & Transactions

Following the fourth opportunity for shareholders to convert their subscription
shares, 1,239,937 subscription shares were converted into ordinary shares on 
9 May 2014.

There were no other material events or transactions, other than the purchase
and sale of securities undertaken in the normal course of business.

Half Yearly Financial Report

The Company announced its half yearly financial results for the six months
ended 28 February 2014 on 17 April 2014.

Dividend

On 17 April 2014, the Company declared an interim dividend of 1.50p per share,
which was paid on 30 May 2014 to shareholders on the register on 2 May 2014.

The Board is not aware of any significant events or transactions, except as
disclosed herein, occurring between 31 May 2014 and the date of publication of
this interim management statement which would have a material impact on the
financial position of the Company.

Change in NAV and Share Price

The Company announces its NAV on a daily basis, which can be accessed via 
http://www.blackrock.co.uk/brge, under the "Announcements" tab.

For the period 1 June 2014 to 20 June 2014 the Company's undiluted
NAV decreased by 1.0% and the share price has fallen by 1.6%.

The unaudited net asset values for BlackRock Greater Europe Investment Trust
plc at close of business on 20 June 2014 were:

Net asset value - capital only (undiluted): 248.82p
Net asset value - capital only (diluted for subscription shares): 248.69p
Net asset value - capital only (diluted for subscription shares and treasury
shares): 248.69p
Net asset value - cum income (undiluted): 251.84p
Net asset value - cum income (diluted for subscription shares): 251.23p
Net asset value - cum income (diluted for subscription shares and treasury
shares): 251.23p

The share price for BlackRock Greater Europe Investment Trust plc at the close
of business on 20 June 2014 was 245.00 pence.

Contact details:

Caroline Driscoll
Secretary
Tel: [phone]

23 June 2014

ENDS

Please note more detailed performance information is available on the
Investment Manager's website: www.blackrock.co.uk/brge. Neither the contents of
the Manager's website not the contents of any website accessible from
hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement.