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 May 2016 were: 353.75c per share (US cents) - Capital only243.73p per share (pence sterling) - Capital only356.85c per share (US cents) - Including current year income245.87p 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.