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The Central Europe and Russia Fund, Inc. Announces Increased Repurchase Authorization

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The Central Europe and Russia Fund, Inc. Announces Increased Repurchase Authorization Powered By Docstoc
					The Central Europe and Russia Fund, Inc.
Announces Increased Repurchase Authorization
April 19, 2010 05:52 PM Eastern Daylight Time  

NEW YORK--(EON: Enhanced Online News)--The Central Europe and Russia Fund, Inc.(NYSE: CEE) (the
“Fund”) announced today that its Board of Directors has authorized an increase in the maximum number of shares to
be repurchased under its previously announced repurchase program. On July 24, 2009 the Fund announced the
repurchase of up to 1,500,000 shares during the period August 1, 2009 - July 31, 2010. The Fund repurchased
1,140,652 shares during the period, August 1, 2009 – April 16, 2010. In addition to the shares remaining under the
previously announced program, the Board has authorized the repurchase of an additional 500,000 shares between
the date hereof and July 31, 2010. Purchases will be made when it is believed that such repurchases are
advantageous to the Fund. The Fund provides monthly updates concerning its repurchase program on its website at
www.dws-investments.com.

The Central Europe and Russia Fund, Inc. is a non-diversified, closed-end investment company seeking
long term capital appreciation through investment primarily in equity and equity-linked securities of
issuers domiciled in Central Europe and Russia. This fund is non-diversified and can take larger positions
in fewer issues, increasing its potential risk. Investing in foreign securities, particularly those of emerging
markets, presents certain risks, such as currency fluctuations, political and economic changes, and
market risks. Any fund that concentrates in a particular segment of the market will generally be more
volatile than a fund that invests more broadly.

Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering
and once issued, shares of closed-end funds are bought and sold in the secondarymarket,
principallythrough a stock exchange. Shares of closed-end funds frequently trade at a discount to the 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 are associated with international investing, such as
government regulations and differences in liquidity which may increase the volatility of your investment.
Foreign securities markets generally exhibit greater price volatility and are less liquid than the US
market. Additionally, this fund focuses its investments in certain geographical regions, thereby increasing
its vulnerability to developments in that region and potentially subjecting the fund’s shares to greater
price volatility. Some funds have more risk than others. These include funds 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).

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.

NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

DWS Investments is part of Deutsche Bank’s Asset Management division and, within the US, represents the retail
asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment
Management Americas Inc. and DWS Trust Company. (R-12714-3 4/10)
Contacts
For additional information:
Deutsche Bank Press Office, 212-454-2085
Shareholder Account Information, 800-294-4366
DWS Closed-End Funds, 800-349-4281

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Description: NEW YORK--(EON: Enhanced Online News)--The Central Europe and Russia Fund, Inc. (NYSE: CEE) (the “Fund”) announced today that its Board of Directors has authorized an increase in the maximum number of shares to be repurchased under its previously announced repurchase program. On July 24, 2009 the Fund announced the repurchase of up to 1,500,000 shares during the period August 1, 2009 - July 31, 2010. The Fund repurchased 1,140,652 shares during the period, August 1, 2009 – April 16, 2010. In add a style='font-size: 10px; color:
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