The Central and Eastern Europe Fund, Inc. - CEE STOCK NEWS

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) updated its portfolio holdings as of March 14, 2022, revealing continued investments in Russian securities amidst ongoing sanctions. As of the reporting date, only Alrosa PJSC remains a direct local equity holding. In a proactive measure, the Fund's investment advisor, DWS International GmbH, has voluntarily waived 50% of its advisory fees, supplementing a prior 10 basis points waiver effective from January 1, 2022, through December 31, 2022. This move aims to mitigate costs for investors during volatile market conditions.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) has updated its portfolio holdings as of March 2, 2022, due to significant market changes following the ongoing conflict in Ukraine and the sanctions imposed on Russia by the U.S., EU, and other nations. Notably, MSCI Inc. will exclude Russian securities from its Emerging Markets Indexes starting March 9, 2022, making the Russian equity market effectively uninvestable. As a result, the Fund's Russian securities may be subject to fair valuation, potentially dropping to zero.

The Central and Eastern Europe Fund (NYSE: CEE) announced that its investment adviser, DWS International GmbH, will refrain from making new investments in Russian securities due to worsening conditions affecting Russian issuers. The decision is based on the best interests of fund clients and aims to mitigate risks associated with emerging markets, which are often more volatile. The Fund emphasizes that investments in foreign securities carry risks related to currency fluctuations and political changes.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) has issued an update regarding the impact of the ongoing military intervention by Russia in Ukraine. Current sanctions from the U.S., EU, and others are adversely affecting the Fund's investments, especially its significant exposure (approximately 71.2% as of January 31, 2022) in Russian securities. These sanctions may further reduce the value and liquidity of the Fund's portfolio, complicating its ability to assess the value of certain securities. Future sanctions may result in asset freezes concerning Russian holdings.

The Central and Eastern Europe Fund (NYSE: CEE), The New Germany Fund (NYSE: GF), and The European Equity Fund (NYSE: EEA) announced their 2021 December distributions. Declared on December 20, 2021, the distributions will be paid in stock, with cash options available for stockholders of record as of December 30, 2021. Key details include:

• CEE: $0.9531 per share
• GF: $0.0644 per share
• EEA: $0.0735 per share

Payments are scheduled for January 28, 2022.

The Central and Eastern Europe Fund (CEE), European Equity Fund (EEA), and New Germany Fund (GF) announced a repurchase authorization, allowing them to buy back up to 700,849, 1,575,385, and 638,580 shares, respectively, over the next year. This represents approximately 10% of each Fund’s outstanding shares, effective from August 1, 2021, to July 31, 2022. The Boards will also consider initiating a tender offer during this period.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) announced the results of their Joint Annual Meetings of Stockholders on June 24, 2021. Stockholders elected three Class III Directors for each Fund, including Mr. Christian H. Strenger and Dr. Wolfgang Leoni for CEE, and Ambassador Richard R. Burt for GF. Furthermore, Ernst & Young LLP was ratified as the independent auditor for both Funds for the 2021 fiscal year. Investing in these funds carries risks, particularly due to their focus on foreign and emerging markets, which may result in increased volatility.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) will hold their Annual Meeting of Stockholders at 10:00 a.m. ET on June 24, 2021, virtually due to COVID-19. Shareholders on record by April 30, 2021, can vote on director elections and auditor approvals. The press release highlights risks associated with foreign investments, particularly in emerging markets, including potential sanctions on Russia affecting the Funds' portfolios. For more details, visit dws.com.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE), The New Germany Fund, Inc. (NYSE: GF), and The European Equity Fund, Inc. (NYSE: EEA) announced the declaration of their December 2020 distributions. CEE and GF will pay distributions primarily in stock, although stockholders as of December 30, 2020, can opt for cash. Key dates include declaration on December 18, 2020, ex-date on December 29, 2020, record date on December 30, 2020, and payable date on January 28, 2021. Investors should note the risks associated with foreign investments and recent sanctions affecting the Russian economy.