NET ASSET VALUE BLACKROCK EMERGING EUROPE PLC The unaudited net asset values for BlackRock Emerging Europe plc at close of business on 23 December 2014 were: 351.06c per share (US cents) - Capital only 226.19p per share (pence sterling) - Capital only 358.30c per share (US cents) - Including current year income 230.85p 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.