Net Asset Value(s)

NET ASSET VALUE BLACKROCK EMERGING EUROPE PLC The unaudited net asset values for BlackRock Emerging Europe plc at close ofbusiness on 19 December 2016 were: 405.30c per share (US cents) - Capital only327.08p per share (pence sterling) - Capital only412.19c per share (US cents) - Including current year income332.64p per share (pence sterling) - Including current year income Notes: 1. Investments have been valued on a bid price basis. 2. Revenue items included in net asset value. 3. Following the buyback for cancellation of 15,500 ordinary shares on 09December 2016, the Company's share capital consists of 35,952,228 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one voteeach.