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 21 October 2016 were: 379.68c per share (US cents) - Capital only311.30p per share (pence sterling) - Capital only387.63c per share (US cents) - Including current year income317.82p 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 9,000 ordinary shares on 21October 2016, the Company's share capital consists of 35,979,128 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one voteeach.