 The Central and Eastern Europe Fund, Inc. NYSE: CEE, The European Equity Fund, Inc. NYSE: EEA, and The New Germany Fund, Inc. NYSE: GF each, a Fund, and collectively, the Funds each announced today that its Board of Directors has approved an extension of the current repurchase authorization permitting EEA, GF and CEE to repurchase up to 745,000, 1,573,000, and 667,000 shares, respectively for the twelve month period from August 1, 2020 through July 31, 2021. Repurchases will be made from time to time when they are believed to be in the best interests of a Fund. 