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 22 August 2016 were: 371.34c per share (US cents) - Capital only282.37p per share (pence sterling) - Capital only377.69c per share (US cents) - Including current year income287.20p 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 27,300 ordinary shares on 19August 2016, the Company's share capital consists of 36,073,828 Ordinary shares(excluding 5,400,000 ordinary shares held in treasury) carrying one vote each.