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 16 May 2016 were: 359.32c per share (US cents) - Capital only249.51p per share (pence sterling) - Capital only362.46c per share (US cents) - Including current year income251.69p 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 23,800 ordinary shares on 10March 2016, the Company's share capital consists of 36,186,128 Ordinary shares(excluding 5,400,000 ordinary shares held in treasury) carrying one vote each.