Net Asset Value(s)

NET ASSET VALUE BLACKROCK EMERGING EUROPE PLC The unaudited net asset values for BlackRock Emerging Europe plcat close of business on 15 July 2016 were: 374.38c per share (US cents) – Capital only282.88p per share (pence sterling) – Capital only380.07c per share (US cents) – Including current year income287.18p 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 6,700 ordinaryshares on 29 June 2016, the Company's share capital consists of36,136,128 Ordinary shares (excluding 5,400,000 ordinary sharesheld in treasury) carrying one vote each.