BRGS Blackrock GR Ss

BlackRock Greater Europe Investment Trust plc

Subscription Shares

Further to the announcement made on 1 November 2012, the Board of BlackRock Greater Europe Investment Trust plc (the 'Company') announces that the trustee appointed under the terms of the Subscription Shares has been unable to exercise the outstanding Subscription Share Rights. The Subscription Share Rights in respect of the remaining 22,330,058 Subscription Shares therefore lapsed on 14 November 2012.

As announced on 30 October 2012, the Company will be seeking Ordinary Shareholder approval and Subscription Shareholder approval to redesignate the Subscription Shares as Deferred Shares at General Meetings to be held on 29 November 2012. The listing of the Subscription Shares will remain suspended until the resolutions are passed.

15 November 2012

For further information, please contact:
C Driscoll
BlackRock Investment Management (UK) Limited - Company Secretary
Telephone 0207 743 2427