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Wayne Salit - The Central and Eastern Europe Fund updates anti-money laundering compliance officer's profile 21 September 2018

NEWS BITES - PEOPLE IN BUSINESS

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Wayne Salit (50), Anti-Money Laundering Compliance Officer is shown below.

Director(8), Deutsche Bank; AML Compliance Officer, DWS Distributors, Inc.; formerly: Managing Director, AML Compliance Officer at BNY Mellon (2011-2014); and Director, AML Compliance Officer at Deutsche Bank (2004-2011).

SECTION 1 BIOGRAPHY WAYNE SALIT, ANTI-MONEY LAUNDERING COMPLIANCE OFFICER

Director(8), Deutsche Bank; AML Compliance Officer, DWS Distributors, Inc.; formerly: Managing Director, AML Compliance Officer at BNY Mellon (2011-2014); and Director, AML Compliance Officer at Deutsche Bank (2004-2011).

SECTION 2 THE CENTRAL AND EASTERN EUROPE FUND, INC. PRICE PERFORMANCE SCORECARD (NYSE:CEE):

2.1 The Past Quarter

The Central and Eastern Europe Fund increases 3% in past quarter

The Central and Eastern Europe Fund, Inc. (NYSE:CEE), has increased 68.0c (or 3.0%) in the past quarter to close at $US23.66 today. Compared with the S&P 500 Index which rose 179.9 points (or 6.5%) in the past quarter, this represented a relative price change of -3.6%.

2.2 MCap History:

MCap: 5-Year Perspective

In the past 5 years Market Capitalization has decreased by $US237.2 million from $US408.2 million to $US171 million. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 4 out of 5 years.

PriceMCap (US$ M)
Last$US23.66171
1 Year ago$US24.11199.3
2 Years ago$US18.04151.5
3 Years ago$US17.70164.3
4 Years ago$US23.02267.4
5 Years ago$US27.25408.2

2.3 Moving Annual Return (Past 5 years)

Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 3 of the last 5 years. An investment a year ago in CEE would have produced a return of 0.5%.

CEEClose (USD)Dividends (USD)Capital Gain / (Loss) %% YieldAnnual Return %
Sep 2123.660.56(1.9)2.30.5
1 Yr ago24.110.3233.61.835.4
2 Yrs ago18.040.491.92.74.7
3 Yrs ago17.70.97(23.1)4.2(18.9)
4 Yrs ago23.022.49(15.5)9.1(6.4)

Close 5 years ago $US27.25

2.4 Present Value of $US1000 invested in the past

The present value of $US1000 invested a year ago is $US1,004

PV$10001-week1-month1-year
CEE.NYSE1,0201,0411,004
S&P 500 Index1,0091,0101,172

SECTION 3 THE CENTRAL AND EASTERN EUROPE FUND, INC. GLOBAL RANK (NYSE:CEE):

3.1 Global Rank

Rank In The American Region [out of 11,862 stocks]

DescriptionValueRankQuartile
MCap (US$)171M4,749Second
Total Assets (US$)266M4,614Second
Revenue (US$)8.9M6,073Third
Net Profit (US$)(87.6M)9,459Bottom
Return on Equity %(34.0)6,683Third
Price to Book0.71,032Top
Yield %2.42,645Top
PV$1000 (1Year) US$1,0044,930Second
US$ Change (1Year) %-0.54,995Second
Rel Strength 6 Mo (US$)496,031Third

SECTION 4 THE CENTRAL AND EASTERN EUROPE FUND, INC. ACTIVITIES

The Central and Eastern Europe Fund, Inc., previously Central Europe and Russia Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation primarily through investment in equity and equity-linked securities of issuers domiciled in Central Europe and Russia. The Fund's portfolio includes investments in Russian, Polish, Hungarian, Czech Republic, Turkish, Austrian, Dutch, Cyprus, Bermuda and Virgin Islands common stocks.

SECTION 5 RECENT NEWS ON DIRECTORS

5.1 UPDATED DIRECTOR PROFILES

22 September 2018

John Millette - The Central and Eastern Europe Fund updates company secretary's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of John Millette (55), Company Secretary is shown below.Director(8), DWS; Chief Legal Officer, Deutsche Investment Management Americas Inc.; and Director and Vice President, Deutsche AM Trust Company; formerly Secretary of Deutsche Investment Management Americas Inc. (2015-2017).

22 September 2018

Paul H. Schubert - The Central and Eastern Europe Fund updates CFO's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Paul H. Schubert (55), CFO and Treasurer is shown below.Managing Director(8), DWS; and Vice President, DWS Distributors, Inc. (since 2016); formerly, Chairman, Director and President, Deutsche AM Trust Company (2013-2018); Director, Deutsche AM Trust Company (2004-2013).

22 September 2018

Caroline Pearson - The Central and Eastern Europe Fund updates chief legal officer's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Caroline Pearson (56), Chief Legal Officer is shown below.Managing Director(8), DWS, formerly, Secretary, DWS Service Company; and Secretary DWS Distributors, Inc. 2002-2017.

22 September 2018

Scott D. Hogan - The Central and Eastern Europe Fund updates chief compliance officer's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Scott D. Hogan (51), Chief Compliance Officer is shown below.Director(8), DWS (since 2013).

22 September 2018

Hepsen Uzcan - The Central and Eastern Europe Fund updates CEO's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Hepsen Uzcan (43), Assistant Secretary, CEO and President is shown below.Managing Director(8), DWS (since 2018; formerly, Director, DWS (2014 to 2018) and Vice President, DWS (2006 to 2014); and Secretary of Deutsche Asset Management U.S. Holding Company Corporation (since March 2018).

21 September 2018

Wilhelm Bender - The Central and Eastern Europe Fund updates director's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Wilhelm Bender (73), Director is shown below.Senior Advisor of Advent International GmbH (private equity) (since 2009); of Herbert Smith Freehills Germany LLP (Legal Services) (since 2016) and of IFM Investors (UK) (Australian infrastructure fund) (since 2016). He is a member of the Supervisory Board of FrankfurtRheinMain GmbH (international marketing of the region) (since 2013). He is also an Independent Director/Member of the Board of Directors of the National Welfare Fund "Samruk-Kazyna" (sovereign wealth fund and joint stock company in Kazakhstan) (since 2018). He is also a member of the Advisory Board of Deutsche Bank AG (since 1993) and holds a number of honorary positions including Honorary Professor of the Johann Wolfgang Goethe University in Frankfurt (since 2008). He is the former Chairman of the Executive Board (CEO) of Fraport AG, Germany (aviation industry) (1993-2009), former Chairman of the Supervisory Boards of Bombardier Transportation GmbH (railways) (2010-2015) and Eintracht Frankfurt Fussball AG (soccer club) (2010-2015), a former member of the Supervisory Boards of Lufthansa Cargo AG (air freight) (2008-2015) and MTU AG (aircraft engines) (2008-2018), and former Senior Advisor of Norton Rose Fulbright LLP (legal services) (since 2010-2016). He is also a former Independent Director/Member of the Board of Directors of the Joint Stock Company, "National Company" "Kazakhstan Temir Zholy" (logistics company) (2016-2018).

21 September 2018

Christian H. Strenger - The Central and Eastern Europe Fund updates director's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Christian H. Strenger (74), Director is shown below.Member of Supervisory Board (since 1999) and formerly Managing Director (1991-1999) of Deutsche Asset Management Investment GmbH (investment management), a subsidiary of Deutsche Bank AG. Mr. Strenger serves as Director of the Center for Corporate Governance at the Leipzig Graduate School of Management.

21 September 2018

Dr. Christopher Pleister - The Central and Eastern Europe Fund updates director's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Dr. Christopher Pleister (69), Director is shown below.Director (nonexecutive) of Depfa Bank plc. (since 2015), Chairman of the Appeal Panel of the Single Resolution Board (Institution of the European Banking Union) since November 2016 (member since 2015). He is the former Chairman of FMSA (German financial market stabilization agency) (2011-2014) and board member 2009-2011), and former Chairman of the Supervisory Board of Deutsche Zentral-Gennossenschaftsbank Frankfurt (2000-2008), former Chairman of BVR (federal association of German cooperative banks) (2000-2008) and Director of Deutsche Gennossenschaftsbank (1990-1999).

21 September 2018

Walter C. Dostmann - The Central and Eastern Europe Fund updates director's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Walter C. Dostmann (62), Director is shown below.Founder and principal, Dostmann & Partners LLC (international business advisory firm) (2000 to present); Director of 360 T Systems, Inc. (trading platform provider) (2013 to present). Formerly, Managing Director and Head of International Corporate Finance Division at Deutsche Bank Securities, Inc. (1990 to 1999); and Senior Vice President of Deutsche Bank AG, New York branch (1985 to 1990). Director and Chairman of North American Income Fund (since 1998) and CABEI Central American Fund (since 1999).

21 September 2018

Dr. Kenneth C. Froewiss - The Central and Eastern Europe Fund updates director's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Dr. Kenneth C. Froewiss (72), Director is shown below.Retired Clinical Professor of Finance, NYU Stern School of Business (1997-2014); Member, Finance Committee, Association for Asian Studies (2002-present); Director, Mitsui Sumitomo Insurance Group (US) (2004-present); Chairman of Deutsche Asset Management U.S. Holding Company Corporation (since March 2018); formerly, Managing Director, J.P. Morgan (investment banking firm) (until 1996); Director, Deutsche family of mutual funds (2001-March 2018).

21 September 2018

Dr. Wolfgang Leoni - The Central and Eastern Europe Fund updates director's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Dr. Wolfgang Leoni (60), Director is shown below.Managing Director of HQ Asset Management GmbH (since January 2018); Chief Executive Officer of Sal. Oppenheim Jr. & CIE. Komplementar AG, Cologne (Germany) (private bank) and Chairman of Sal. Oppenheim Jr. & CIE. Luxembourg S.A. (from April 2013 until April 2017). He is the former Chief Investment Officer and member of the Management Board of Sal. Oppenheim Jr. & CIE. Komplementar AG, Cologne (Germany) (private bank) (2009-2013). He is the former Managing Director/CIO of Oppenheim Kapitalanlagegesellschaft MBH, Cologne (Germany) (investment company) (2007-2009), Managing Director/CIO of Lupus Alpha Alternative Solutions GMBH Frankfurt/M (investment company) (2006). He is the former Managing Director/CIO of DEKA Investment GMBH, Frankfurt/M (investment company) (2002-2006) and Managing Director/management board member (1996-2002).

21 September 2018

Ambassador Richard R. Burt - The Central and Eastern Europe Fund updates director's profile

The Central and Eastern Europe Fund recently released their definitive SEC filing DEF 14A. The updated profile of Ambassador Richard R. Burt (71), Director is shown below.Managing Partner, McLarty Associates (international strategic advisory) (since 2007). Formerly, Chairman, Diligence, Inc. (international information and risk management firm) (2002-2007); Chairman of the Board, Weirton Steel Corp. (1996-2004); Partner, McKinsey & Company (consulting firm) (1991-1994); State Department, Chief Negotiator in charge of negotiating the Arms Treaty with Russia (1989-1991); U.S. Ambassador to the Federal Republic of Germany (1985-1989). Mr. Burt is also Director, IGT, Inc. (gaming technology) (since 1995), and HCL Technologies, Inc. (information technology and product engineering) (since 1999) and member, Textron Inc. International Advisory Council (aviation, automotive, industrial operations and finance) (since 1996).

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