Correction: Cash Exit and Results of Rollover Elections

BlackRock Emerging Europe Plc - Correction: Cash Exit and Results of Rollover Elections

PR Newswire

London, November 21

The following announcement replaces the announcement released at 15:28 on 9November under the PR Newswire release reference number PRNUK-0911181525-10F8in which the number of elections for the Cash Option and the Rollover Optionwere not correct. The elections for the Cash Option were overstated by 1,411and the Elections for the Rollover option were understated by 1,411. As aresult the figures for the Reclassified Shares with ‘A’ Rights and ReclassifiedShares with ‘B’ Rights were also not correct. All other details remainunchanged and the full amended announcement is set out below reflecting thecorrect number of elections reclassified A Shares and B Shares

21 November 2018

BlackRock Emerging Europe plc(LEI: 549300OGTQA24Y3KMI14)

Results of Rollover Elections

The Board of BlackRock Emerging Europe plc (the “Company”) announces that, in connection with the proposed voluntary liquidation and rollover into new C Shares to be issued by BlackRock Frontiers Investment Trust plc (“BRFI”), the Company has received the total of following elections (or deemed elections):

• Cash Option: 24,629,885 Ordinary Shares

• Rollover Option: 11,286,143 Ordinary Shares

Eligible Shareholders that have made no election are deemed to have elected for the Rollover Option.

Therefore, subject to shareholder approval of the Resolutions to be put forward at the Company’s general meeting on 15 November 2018, the Ordinary Shares will be

reclassified as follows:

• 24,629,885 Ordinary Shares with "A" rights, being the right to receive cash; and

• 11,286,143 Ordinary Shares with "B" rights, being the right to receive BRFI C Shares.

The amendment to the listing of Reclassified Shares and dealing in the Reclassified Shares is expected to commence at 08:00 on 22 November 2018 and the listing and dealing in Reclassified Shares is expected to be suspended at 7:30 am on 23 November 2018.

Defined terms used in this announcement have the meanings given in the circular published by the Company on 19 October 2018 unless the context otherwise requires.

Enquiries:

BlackRock Investment Management (UK) LimitedSimon WhiteSarah Beynsberger020 7743 3000

Winterflood SecuritiesNeil LangfordChris Mills