Result of Tender offer

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

21 May 2009

                 BlackRock Greater Europe Investment Trust plc                 

                          Results of the Tender Offer                          

Background

The Company offered to repurchase up to 20 per cent. of its issued Ordinary
Shares excluding any Shares held in treasury (106,820,690).

The Tender Offer was undersubscribed and 1,696,092 Ordinary Shares (1.59% of
the issued Ordinary Shares excluding treasury shares) were tendered. The Tender
will be satisfied in full.

Expected timetable of events

Calculation date                         close of business on 1 June 2009
Tender price announced                   2 June 2009
Cheques despatched and payments
made through CREST                       as soon as practicable after 4 June 2009
Balancing Ordinary Share certificates
despatched and CREST accounts settled    as soon as practicable after 4 June 2009

Definitions

Terms defined in the Circular have the same meaning when used herein unless the
context otherwise requires.

Enquiries

BlackRock Investment Management (UK) Limited 020 7743 3000
Jonathan Ruck Keene
Caroline Driscoll

Collins Stewart Europe Limited 020 7523 8000
David Yovichic

Collins Stewart Europe Limited is acting for the Company in connection with the
Tender Offer and no one else and will not be responsible to anyone other than
the Company for providing the protections offered to clients of Collins Stewart
Europe Limited nor for providing advice in relation to the Tender Offer.