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 6 December 2016 were:

393.89c  per share (US cents) - Capital only
309.87p  per share (pence sterling) - Capital only
401.00c  per share (US cents) - Including current year income
315.47p  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 11,400 ordinary shares on 27
October 2016, the Company's share capital consists of 35,967,728 Ordinary
shares (excluding 5,400,000 ordinary shares held in treasury) carrying one vote
each.