BLACKROCK EMERGING EUROPE PLC - Net Asset Value(s)

NET ASSET VALUE

BLACKROCK EMERGING EUROPE PLC

The unaudited net asset values for BlackRock Emerging Europe plc at close of
business on 13 January 2015 were:

349.52c per share (US cents) - Capital only
230.33p per share (pence sterling) - Capital only
356.56c per share (US cents) - Including current year income
234.97p 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.