19 January 2017

    BlackRock Emerging Europe plc (the Company)
    Transaction in own shares: purchase of own shares for cancellation

    The Company announces that it has purchased 5,600 of its Ordinary Shares at a
    price of 302.71 pence per share for cancellation.

    Following this purchase the issued share capital of the Company is 35,927,828
    Ordinary shares, excluding 5,400,000 shares which are held in treasury. 

    In conformity with the FCA's Disclosure and Transparency Rules (the "Rules")
    provision 5.5.1 the Company announces that shares held in treasury do not carry
    any voting rights; 13.06% of the Company's total issued share capital
    (41,327,828 Ordinary Shares, including treasury shares) is currently held in
    treasury.

    For reporting purposes under the FCA's Disclosure and Transparency Rules the
    market should exclude any shares held in treasury and, with effect from 23
    January 2017, should use the figure of 35,927,828 when determining if they are
    required to notify their interest in, or a change to their interest in the
    Company.

    All enquiries:
    C Driscoll
    Company Secretary
    BlackRock Investment Management (UK) Limited
    Tel: 0207 743 2427