28 January 2016

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

    The Company announces that it has today purchased 26,000 of its Ordinary Shares
    at a price of 186.00 pence per share for cancellation.

    Following this purchase the issued share capital of the Company is 36,216,928
    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; 12.9% of the Company's total issued share capital
    (41,616,928 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 should use the figure of
    36,216,928 when determining if they are required to notify their interest in,
    or a change to their interest in the Company.

    All enquiries:
    A B Powley
    Company Secretary
    BlackRock Investment Management (UK) Limited
    Tel: 0207 743 5356