Statement re Tender Price

Not for release, publication or distribution in or into the United States,     
Canada, Australia or Japan                                                     
                                                                               
02 December 2014                                                               
                                                                               
                 BlackRock Greater Europe Investment Trust plc                 
                                 Tender Price                                  

Background                                                                     
                                                                               
The Company offered to repurchase up to 20 per cent of its issued Ordinary     
Shares excluding treasury shares (108,837,671).                                
                                                                               
The Tender Offer was undersubscribed and 3,166,263 Ordinary Shares (2.91% of   
the issued Ordinary Shares excluding treasury shares) were tendered. The Tender
will be satisfied in full.                                                     
                                                                               
Tender Price                                                                   
                                                                               
The Tender Price calculated as at close of business on 1 December 2014 (the    
"Calculation Date") was 239.08 pence per Ordinary Share.                       
                                                                               
Payments to Shareholders by cheque, in the case of certificated holders, will  
be made in pounds sterling and are expected to be paid on or as soon as        
practicable after 8 December 2014.                                             
                                                                               
Payments through CREST, in the case of uncertificated holders, will be made in 
pounds sterling and are expected to be paid on or as soon as practicable after 
8 December 2014.                                                               
                                                                               
Balancing share certificates will be despatched and CREST accounts will be     
settled on or as soon as practicable after 8 December 2014.                    
                                                                               
Shares in issue                                                                
                                                                               
Following implementation of the Tender Offer on 8 December 2014, all Ordinary  
Shares tendered will be repurchased by the Company and of those, 3,034,286 will
be cancelled. The Company also announces that the remaining 131,977 Ordinary   
Shares tendered will be held in Treasury. Following implementation of the      
Tender Offer the Company will have 111,233,061 Ordinary Shares in issue, which 
will include 5,561,653 Ordinary Shares which are held in Treasury. The number  
of Ordinary Shares that the Company has in issue, less the total number of     
Ordinary Shares held by the Company in Treasury, will be 105,671,408. The      
Company also has 20,638,235 Subscription Shares in issue.                      
                                                                               
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                   
Simon White                                                                    
Caroline Driscoll                                                              
                                                                               
Cenkos Securities plc                          020 7397 8900
Will Rogers                                                                    
Sapna Shah                                                                     

Cenkos Securities plc 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 Cenkos Securities  
plc nor for providing advice in relation to the Tender Offer.