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 4 January 2017 were: 415.61c per share (US cents) - Capital only337.93p per share (pence sterling) - Capital only423.26c per share (US cents) - Including current year income344.15p 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 18,800 ordinary shares on 22December 2016, the Company's share capital consists of 35,933,428 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one voteeach.