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 December 2016 were: 406.37c per share (US cents) - Capital only328.96p per share (pence sterling) - Capital only413.25c per share (US cents) - Including current year income334.53p 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 15,500 ordinary shares on 09December 2016, the Company's share capital consists of 35,952,228 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one voteeach.