Issue of Equity

BlackRock Greater Europe Investment Trust plc

Conversion of Subscription Shares

The Board of BlackRock Greater Europe Investment Trust plc announces that today
it issued, subject to listing, 828,618 Ordinary Shares following the exercise
of Subscription Share Rights by 172 holders of Subscription Shares. The
Ordinary Shares will rank pari passu with the existing Ordinary Shares.

It is expected that admission to the Official List and commencement of dealings
in the Ordinary Shares on the London Stock Exchange will take place at 8.00
a.m. on 10 November 2010.

Following admission, there will be 102,513,087 Ordinary Shares (including
2,642,046 Ordinary Shares held in treasury) and 18,977,902 Subscription Shares
in issue.

8 November 2010

For further information, please contact:

Caroline Driscoll
BlackRock Investment Management (UK) Limited - Company Secretary

Telephone [phone]