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 20 January 2017 were: 410.35c per share (US cents) - Capital only333.04p per share (pence sterling) - Capital only417.92c per share (US cents) - Including current year income339.18p 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 5,600 ordinary shares on 19January 2017, the Company's share capital consists of 35,927,828 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one voteeach.