Correction : Transaction in Own Shares

This to amend yesterday's "Transaction in Own Shares" release ;
the date of the transaction should be "the 8th October 2008".



Transaction in Own Shares

Baring Emerging Europe PLC announces that on 8th October 2008 it purchased
46,000 of its own ordinary shares of 10p each at a price of £4.54 per ordinary
share. These shares will be cancelled.

Following the transaction, the Company's issued ordinary share capital is
39,370,505 (excluding treasury shares) and 42,688,712 (including treasury
shares) ordinary shares of 10p each. The total number of treasury shares held
by the Company is 3,318,207