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 23 December 2015 were: 338.70c per share (US cents) - Capital only227.81p per share (pence sterling) - Capital only341.86c per share (US cents) - Including current year income229.94p 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.