BEEP Blackrock Emg

NET ASSET VALUE

BLACKROCK EMERGING EUROPE PLC

The unaudited net asset values for BlackRock Emerging Europe plc at close of
business on 22 July 2016 were:

356.24c  per share (US cents) - Capital only
272.27p  per share (pence sterling) - Capital only
362.92c  per share (US cents) - Including current year income
277.38p  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 ordinary shares on 29
June 2016, the Company's share capital consists of 36,136,128 Ordinary shares
(excluding 5,400,000 ordinary shares held in treasury) carrying one vote each.