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 16 December 2015 were: 331.79c per share (US cents) – Capital only221.14p per share (pence sterling) – Capital only334.51c per share (US cents) – Including current year income222.95p 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 Ordinaryshares (excluding 5,400,000 ordinary shares held in treasury) carrying one vote each.