23 January 2017

    BlackRock Greater Europe Investment Trust plc (the Company)
    Transaction in own shares: purchase of own shares to be held in treasury

    The Company announces that it has today purchased 75,000 of its Ordinary Shares
    at a price of 285.50 pence per share to be held in treasury.

    Following settlement of this purchase on 25 January 2017 the issued share
    capital of the Company will be 95,295,953 Ordinary Shares, excluding 15,032,985
    which are held in treasury.  Shares held in treasury do not carry any voting
    rights; 13.62% of the Company's total issued share capital (110,328,938
    Ordinary Shares, including treasury shares) will be held in treasury following
    settlement.

    For reporting purposes under the FCA's Disclosure and Transparency Rules the
    market should exclude any shares held in treasury and should use the figure of
    95,295,953 following settlement when determining if they are required to notify
    their interest in, or a change to their interest in the Company.

    All enquiries:
    C Driscoll
    Company Secretary
    BlackRock Investment Management (UK) Limited
    Tel: 0207 743 2427