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 12 January 2016 were: 302.79c per share (US cents) - Capital only210.74p per share (pence sterling) - Capital only305.86c per share (US cents) - Including current year income212.88p 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.