Tender Offer

BLACKROCK EMERGING EUROPE PLC - Tender Offer

PR Newswire

London, June 21

BlackRock Emerging Europe (the “Company”)

Performance Triggered Tender Offer

In June 2013 shareholders approved the introduction of a performance triggered tender offer whereby the Board would put forward proposals for a tender offer for up to 25% of the Company’s ordinary shares in issue (excluding treasury shares), if the Company underperformed its benchmark index by in excess of 3% on a cumulative basis (measured on a NAV per share total return basis over the three year period from 21 June 2013).

The Board is pleased to report that in the three year period from 21 June 2013 the Company outperformed the benchmark by 13.7 percentage points (in US Dollar terms), therefore the performance triggered tender offer for up to 25% of the Company's shares will not take place.

Periodic Opportunities for Return of Capital

Shareholders should note that it was also agreed in June 2013 that, prior to 21 June 2018, the Board would formulate and submit proposals (which may constitute a tender offer and/or other method of distribution) to provide shareholders with an opportunity to realise the value of their investment in the Company at NAV less applicable costs. A further announcement regarding these proposals will be made prior to 21 June 2018.

Enquiries:

21 June 201612 Throgmorton AvenueLondon EC2N 2DL