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 1 March 2016 were: 322.16c per share (US cents) - Capital only231.41p per share (pence sterling) - Capital only324.69c per share (US cents) - Including current year income233.23p 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 7,000 ordinary shares on 26February 2016, the Company's share capital consists of 36,209,928 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one voteeach.