Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached

Baring Emerging Europe PLC

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the acquisition of shares already issued to which
voting rights are attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify): Company purchased and cancelled 72,000          X      
ordinary shares                                                                

3. Full name of person(s) subject to the notification    Lazard Asset          
obligation                                               Management LLC        
                                                                               
4. Full name of shareholder(s) (if different from 3.)    Bank of New York, Inc 
                                                         - Global Custody      
                                                                               
                                                         JP Morgan Chase -     
                                                         Swift                 
                                                                               
                                                         Mellon Trust          
                                                                               
                                                         Morgan Stanley Prime  
                                                         Brokerage             
                                                                               
                                                         Northern Trust Co     
                                                                               
                                                         State Street Bank -   
                                                         Custodian             
                                                                               
                                                         State Street Bank -   
                                                         Master Tr             
                                                                               
                                                         State Street Bank -   
                                                         Custody Master Trust  
                                                                               
5. Date of the transaction (and date on which the        5 November 2014       
threshold is crossed                                                           
or reached if different)                                                       
                                                                               
6. Date on which issuer notified :                       6 November 2014       
                                                                               
7. Threshold(s) that is/are crossed or reached:          Increase from 9% to 10
                                                         %                     

8. Notified details:

A: Voting rights attached to shares

Class/type of  Situation previous   Resulting situation after the triggering   
    shares             to                          transaction                 
 if possible     the triggering                                                
using the ISIN    transaction                                                  
     CODE                                                                      
                                                                               
                Number   Number    Number    Number of voting   Percentage of  
                  of       of        of           rights            voting     
                Shares   Voting    shares                           rights     
                         Rights                                                
                                                                               
                                             Direct  Indirect  Direct  Indirect
                                                                               
 GB0032273343           1,884,529                    1,884,529         10.028% 
                                                                               

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial       date          Conversion      rights that may be     voting  
 instrument                       Period          acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

  Type of    Exercise Expiration Exercise /  Number of voting    % of voting   
 financial    price      date    Conversion  rights instrument      rights     
 instrument                        period        refers to                     
                                                                               
                                                               Nominal   Delta 
                                                                               

Total (A+B+C)                                                                  
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
1,884,529                               10.028%                                


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Lazard Asset Management LLC controls all the voting rights held of this issuer.
                                                                               

Proxy Voting:


10. Name of the proxy holder:                                 N/A              
                                                                               
11. Number of voting rights proxy holder will cease to hold:                   
                                                                               
12. Date on which proxy holder will cease to hold voting                       
rights:                                                                        

13. Additional                                                                 
information:                                                                   
                                                                               
14. Contact name:        Legal & Compliance Department                         
                                                                               
15. Contact telephone    [phone]                                         
number :