Tender Offer

Merrill Lynch Greater Europe IT PLC
01 June 2006


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


01 June 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 (139,725,096).



The Tender Offer was under subscribed and 3,466,164 Ordinary Shares (2.48% of
the issued Ordinary Shares) were tendered.  The Tender will be satisfied in
full.



All tendered Ordinary Shares will be held in treasury.  The resultant total
number of Ordinary Shares held in treasury by the Company is 9,486,164.
Following the Tender Offer the number of Ordinary Shares that the Company has in
issue, less the total number of Ordinary Shares held by the Company in treasury,
is 130,238,932.



Tender Price



The Tender Price calculated as at close of business on 31 May 2006 (the '
Calculation Date') was 152.93 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 6 June 2006.



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 6
June 2006.



Balancing share certificates will be despatched and CREST accounts will be
settled on or as soon as practicable after 6 June 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
Will Rogers                                  020 7568 2939



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