BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC: Interim Management Statement BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC Interim Management Statement - 3 months to 31 May 2013 To the members of BlackRock Greater Europe Investment Trust plc This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure & Transparency Rules. It should not be relied on by any other party for any other reason. This interim management statement relates to the period from 1 March 2013 to 31 May 2013, and contains information that covers this period, and up to the date of publication of this interim management statement. The Company invests in a combination of large, mid and small capitalisation European companies, together with some investment in the developing markets of Europe. The portfolio is managed by Vincent Devlin & Samuel Vecht of BlackRock Investment Management (UK) Limited. Stock Performance Cumulative Performance (%): One Three One Three Since Month Months Year Years Launch (20 Sep 04) Net Asset Value (Undiluted) 3.8% 3.5% 43.3% 49.0% 177.2% Net Asset Value (Diluted) 3.4% 3.1% 42.8% 48.5% 176.3% Share Price 3.7% 1.0% 43.7% 53.4% 164.1% FTSE World Europe ex UK 3.2% 5.0% 43.3% 34.9% 116.0% Sources: BlackRock and DataStream All performance figures are in sterling terms on a total return basis. Ten Largest Equity Holdings at 31 May 2013 (in alphabetical order) Anheuser Busch Bayer Cie Financière Richemont Continental Novo Nordisk Roche Sanofi Société Générale Swiss Re Zurich Insurance Financial position and performance as at 31 May 2013 Total Assets (£m) (including income) 307.7 Short term borrowings (£m) 30.7 Net asset value per share (undiluted and including income) 238.18p Net asset value per share (diluted for subscription shares and including income) 237.31p Share Price 225.75p Ordinary Shares in Issue* 116,285,355 Subscription Share Price 20.00p Subscription Shares in Issue 23,254,813 Actual Net Gearing 11.1% Discount to NAV (including income) 5.2% Discount to NAV (including income and diluted for subscription shares) 4.9% Average Discount over the Period - Undiluted 4.8% Average Discount over the Period - Diluted 4.7% * Excluding 6,052,299 shares held in treasury Material Events & Transactions The Company announced its half yearly financial results for the six months ended 28 February 2013 on 22 April 2013. On 19 April 2013, the Company issued and allotted 23,254,813 subscription shares to shareholders of the Company by way of a bonus issue. Following the implementation of the tender offer on 10 June 2013, 7,636,639 ordinary shares were bought back and cancelled. In addition, the Company cancelled 333,946 ordinary shares held in treasury on that date. Following the implementation of the tender offer, the Company has 114,367,069 ordinary shares in issue including 5,718,353 ordinary shares held in treasury. There were no other material events or transactions, other than the purchase and sale of securities undertaken in the normal course of business. The Board is not aware of any significant events or transactions, except as disclosed herein, occurring between 31 May 2013 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. Contact details: Caroline Driscoll Secretary Tel: 020 7743 2427 15 July 2013 ENDS Please note more detailed performance information is available on the Investment Manager's website: www.blackrock.co.uk/brge. Neither the contents of the Manager's website not the contents of any website accessible from hyperlinks on the Manager's website (or any other website) is incorporated into, or forms part of, this announcement. -0- Jul/15/2013 11:45 GMT
BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC: Interim Management Statement
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