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 28 January 2016 were: 302.06c per share (US cents) - Capital only209.93p per share (pence sterling) - Capital only304.81c per share (US cents) - Including current year income211.84p 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 to cancellation of 26,000 ordinary shares on 28January 2016, The Company's share capital consists of 36,216,928 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one voteeach.