The Central and Eastern Europe Fund, Inc. announced that Sebastian Kahlfeld will replace Sylwia Szczepek as the Fund's portfolio manager effective August 1, 2022. Mr. Kahlfeld currently serves as the Fund's deputy portfolio manager and has been a member of the Fund's portfolio management team since 2011. Effective August 1, 2022, Ms. Szczepek, who has served as the Fund's portfolio manager since 2014, will replace Mr. Kahlfeld as the Fund's deputy portfolio manager.