Statement re Cancellation of Subscription Shares

BlackRock Greater Europe Investment Trust plc

Subscription Shares - Cancellation

Further to announcements by the Company on 1 November 2012 and 30 November 2012,
the listing of the Deferred Shares arising on the redesignation of the
Subscription Shares was cancelled effective from 08.00am today.

3 December 2012

For further information, please contact:

Caroline Driscoll
BlackRock Investment Management (UK) Limited - Company Secretary
Telephone [phone]