The Central and Eastern Europe Fund, Inc. Announces Change to the Time of the Annual Meeting of Stockholders

NEW YORK–(BUSINESS WIRE)–The Central and Eastern Europe Fund, Inc. (NYSE: CEE), (the “Fund,”)
announced today that the Annual Meeting of Stockholders for the Fund
initially scheduled to be held at 11:00 a.m., Eastern time on June 20,
2019 at the offices of DWS Investment Management Americas, Inc., 345
Park Avenue, New York, New York 10154 will now be held at 10:00 a.m. on
June 20, 2019 at the same location.

For more information on the Fund, including its most recent month-end
performance, visit dws.com
or call (800) 349-4281.

Important Information

This fund is non-diversified and can take larger positions in fewer
issues, increasing its potential risk. Investing in foreign securities
presents certain risks, such as currency fluctuations, political and
economic changes, and market risks. Any fund that focuses in a
particular segment of the market or region of the world will generally
be more volatile than a fund that invests more broadly.

The shares of most closed-end funds, including the Fund, are not
continuously offered. Once issued, shares of closed-end funds are
bought and sold in the open market through a stock exchange. Shares
of closed-end funds frequently trade at a discount to net asset value.
The price of a fund’s shares is determined by a number of factors,
several of which are beyond the control of the fund. Therefore, a
fund cannot predict whether its shares will trade at, below, or above
net asset value.

Investments in funds involve risk. Additional risks of the Fund are
associated with international investing, such as currency fluctuations,
political and economic changes, market risks, government regulations and
differences in liquidity, which may increase the volatility of your
investment. Foreign security markets generally exhibit greater
price volatility and are less liquid than the US market. Additionally,
the Fund focuses its investments in certain geographical regions,
thereby increasing its vulnerability to developments in those regions
and potentially subjecting the Fund’s shares to greater price volatility.
Some funds have more risk than others. These include funds,
such as the Fund, that allow exposure to or otherwise concentrate
investments in certain sectors, geographic regions, security types,
market capitalization, or foreign securities (e.g., political or
economic instability, which can be accentuated in emerging market
countries).

The European Union, the United States and other countries have
imposed sanctions on Russia in response to Russian military and other
actions in recent years. These sanctions have adversely affected
Russian individuals, issuers and the Russian economy. Russia, in
turn, has imposed sanctions targeting Western individuals, businesses
and products. The various sanctions have adversely affected, and
may continue to adversely affect, not only the Russian economy, but also
the economies of many countries in Europe, including countries in
Central and Eastern Europe. The continuation of current sanctions
or the imposition of additional sanctions may materially adversely
affect the value of the Funds’ portfolios.

Past performance is no guarantee of future results.

This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer or solicitation or sale
would be unlawful prior to registration or qualification under the laws
of such state or jurisdiction.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its
subsidiaries such as DWS Distributors, Inc. which offers investment
products or DWS Investment Management Americas, Inc. and RREEF America
L.L.C. which offer advisory services. (R-067089-1) (04/19)

Contacts

For additional information:
DWS
Press Office (212) 250-0072
Shareholder Account Information
(800) 294-4366
DWS Closed-End Funds (800) 349-4281