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 January 2016 were: 272.92c per share (US cents) - Capital only193.06p per share (pence sterling) - Capital only275.78c per share (US cents) - Including current year income195.09p 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. The Company's share capital consists of 36,242,928 Ordinary shares(excluding 5,400,000 ordinary shares held in treasury) carrying one vote each.