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 16 February 2015 were:

375.65c per share (US cents) - Capital only
244.25p per share (pence sterling) - Capital only
381.69c per share (US cents) - Including current year income
248.17p 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.