The European Equity Fund, Inc. (NYSE: EEA) and The New Germany Fund, Inc. (NYSE: GF) (each, a "Fund," and, collectively, the "Funds") announced today that its Board of Directors declared the distributions set forth below. Each Fund’s total distributions will be paid in stock except that any stockholder of record as of May 18, 2020 may elect to receive such distribution in cash.

The European Equity Fund, Inc. (NYSE: EEA) (the "Fund") announced today that the Annual Meeting of Stockholders for the Fund will be held at 10:30 a.m., Eastern time on June 25, 2020 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, New York 10022. Holders of shares of common stock of record of the Fund at the close of business on May 1, 2020 are entitled to vote at the meeting and any postponements or adjournments thereof. At the meeting, stockholders of the Fund will consider the election of Directors and approval of auditors. In addition, stockholders of the Fund will be asked to consider a stockholder proposal if it is properly presented at the meeting. Details of the proposals will be set forth in a proxy statement expected to be mailed to stockholders in May.