Result of Tender Offer

Merrill Lynch Greater Europe IT PLC
21 November 2006

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

21 November 2006

               Merrill Lynch 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 (133,705,096).



The Tender Offer was under subscribed and 5,509,887 Ordinary Shares (4.12% of
the issued Ordinary Shares) were tendered.  The Tender will be satisfied in
full.





Expected timetable of events


Calculation date                                          close of business on 30 November 2006
Tender price announced                                    1 December 2006
Cheques despatched and payments
made through CREST                                        as soon as practicable after 5 December 2006
Balancing Ordinary Share certificates despatched
and CREST accounts settled                                as soon as practicable after 5 December 2006





Definitions

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



Enquiries



Merrill Lynch Investment Managers            020 7743 3000
Jonathan Ruck Keene
Caroline Driscoll



UBS Investment Bank
Joe Winkley                                  020 7567 8000



UBS 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 UBS Limited nor for providing
advice in relation to the Tender Offer.


                      This information is provided by RNS
            The company news service from the London Stock Exchange