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 18 January 2017 were: 413.41c per share (US cents) - Capital only334.95p per share (pence sterling) - Capital only420.96c per share (US cents) - Including current year income341.06p 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.