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 2 December 2016 were: 385.52c per share (US cents) - Capital only304.56p per share (pence sterling) - Capital only392.66c per share (US cents) - Including current year income310.20p 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 11,400 ordinary shares on 27October 2016, the Company's share capital consists of 35,967,728 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one voteeach.