SUBS AT 299p




BLACKROCK.CO/UK MAY 2009

7 jan 2011. EST. NAV 352.35p per share- Diluted for subscription shares BY 10p.

OCT 2010..
Area Breakdown %.Russia 53.9.Turkey 17.1.Poland 12.5
Czech Republic 5.4.Hungary 4.2.Austria 1.9.Germany 1.4
Kazakhstan 1.4.Denmark 1.Sweden 1.Ukraine 1
Finland 0.3



Holdings Breakdown
Bank Pekao CEZ Gazprom Lukoil
MM Norilsk Nickel Novatek
Rosneft Sberbank
Turkiye Garanti Vimpel Communications

19 JAN 38.5/42p