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 24 May 2016 were: 358.17c per share (US cents) - Capital only245.17p per share (pence sterling) - Capital only361.23c per share (US cents) - Including current year income247.26p 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.