Dividend Declaration

Annual Dividend

Baring Emerging Europe PLC announces that the Board recommends an annual dividend for
the year ended 30 September 2008 of 9.00p per ordinary share. Subject to the approval 
of the Annual General Meeting to be held on 13 January 2009, the recommended dividend
will be paid on 4 February 2009 to members on the register at the close of business
on 9 January 2009. The ordinary shares will be marked ex-dividend on 7 January 2009.

3 December 2008