BLACKROCK EMERGING EUROPE PLC Interim Management Statement - 3 months to 31 October 2013 To the members of BlackRock Emerging Europe plc This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure & Transparency Rules. It should not be relied on by any other party for any other reason. This interim management statement relates to the period from 1 August 2013 to 31 October 2013, and contains information that covers this period, and up to the date of publication of this interim management statement. Please note more detailed performance information is available on the Manager's website http://www.blackrock.co.uk/Individualinvestors/FundCentre/InvestmentTrustPricing /index.htm The Company's objective is to achieve long term capital growth, principally by investing in companies that do business primarily in Eastern Europe, Russia, Central Asia and Turkey. Stock Performance One Three One Three *Since Month Months Year Years 30.04.09 Share Price 7.8% 6.8% 15.7% -4.4% 96.9% Net Asset Value 5.1% 6.0% 11.6% -3.7% 88.4% MSCI EM Europe 10/40 (NR) 5.8% 5.7% 9.4% 0.0% 77.1% * BlackRock took over the investment management of the Company with effect from 1 May 2009. All performance figures are in sterling terms on a total return basis. FifteenLargest Equity Holdings at 31 October2013 Company Country of risk Total market value % Sberbank Russia 11.7 Gazprom Russia 10.2 Surgutneftegaz Russia 7.1 Turkiye Garanti Bankasi Turkey 6.1 Dragon Oil Turkmenistan 5.9 Powszechna Kasa Oszczednosci Poland 5.4 Yandex Russia 5.2 Magnit Russia 4.9 OTP Bank Hungary 4.3 Turkcell Iletism Hizmet Turkey 4.0 MHP Ukraine 3.6 Moscow Exchange Russia 3.6 Jeronimo Martins Poland 3.4 Koza Altin Isletmeleri Turkey 3.0 Mail Ru Russia 2.9 Financial position and performance as at 31 October 2013 Gross Assets (including current year revenue) £113.0m Net asset value per share-capital only 307.14p Net asset value per share-cum income (1) 311.77p Share Price 289.00p Ordinary Shares in Issue (2) 36,242,928 Gross market exposure (3) 103.3% Discount to NAV (4) 7.3% 1. Includes year to date net revenue equal to 4.63p per share. 2. Excluding 5,400,000 shares held in treasury. 3. Long positions plus short positions as a percentage of net assets. 4. Discount (share price to cum income NAV). Material Events & Transactions Half Yearly Financial Report The Company announced its half yearly financial results for the six months ended 31 July 2013 on 17 September 2013. Net Asset Value The Company announces its NAV on a daily basis, which can be accessed via http://www.beepplc.co.uk under the "Announcements" tab. The unaudited net asset value for BlackRock Emerging Europe plc at close of business on 2 December 2013 was: 298.13p per share (pence sterling) - Capital only 302.34p per share (pence sterling) - Cum income There were no other material events or transactions during the three months to 31 October 2013 nor was the Company involved in any material transactions during the period other than the purchase and sale of securities undertaken in the normal course of its business. The Board is not aware of any other material events or transactions occurring between 31 October 2013 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. Latest information is available by typing, http://www.blackrock.co.uk/Individualinvestors/FundCentre/InvestmentTrustPricing /index.htm on the internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV terminal). Contact details: A B Powley BlackRock Investment Management (UK) Limited, Company Secretary Tel: 020 7743 5610 3 December 2013 END -0- Dec/03/2013 15:33 GMT
BLACKROCK EMERGING EUROPE PLC: Interim Management Statement
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