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 19 January 2017 were: 407.44c per share (US cents) - Capital only331.13p per share (pence sterling) - Capital only415.02c per share (US cents) - Including current year income337.28p 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.