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 (ii):

Baring Emerging Europe PLC

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                            No      
                                                                               
An acquisition or disposal of financial instruments which may          No      
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):                                                Yes     
                                                                               
Correction Notice                                                              

3. Full name of person(s) subject to the notification     Deutsche Bank AG     
obligation (iii):                                                              
                                                                               
4. Full name of shareholder(s) (if different from 3.)                          
(iv):                                                                          
                                                                               
5. Date of the transaction (and date on which the                  N/A         
threshold is crossed                                                           
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                              14/03/2007      
                                                                               
7. Threshold(s) that is/are crossed or reached:                    N/A         
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of     Situation        Resulting situation after the triggering    
   shares        previous to                   transaction (vii)               
 if possible   the Triggering                                                  
  using the   transaction (vi)                                                 
  ISIN CODE                                                                    
                                                                               
               Number   Number    Number    Number of voting     % of voting   
                 of       of        of         rights (ix)          rights     
               Shares   Voting    shares                                       
                        Rights                                                 
                        (viii)                                                 
                                                                               
                                  Direct    Direct   Indirect  Direct  Indirect
                                              (x)      (xi)                    
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

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

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               

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



Proxy Voting:


10. Name of the proxy holder:                                                  
                                                                               
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           The notification from Deutsche Bank AG dated 7 March  
information:             2007 which referred to a holding of 10.90% in the     
                         shares of Baring Emerging Europe PLC (BEE) ISIN       
                         GB0032273343 was in error.                            
                                                                               
                         Deutsche Bank AG has confirmed that they do not       
                         currently have a notifiable interest and have not     
                         previously held a notifiable interest in the shares of
                         BEE.                                                  
                                                                               
14. Contact name:        David Lindsay\Andrew Anderson                         
                                                                               
15. Contact telephone    [phone]\8532                                    
number :                                                                       

Annex Notification Of Major Interests In Shares (xvi)


A: Identity of the person or legal entity subject to the                       
notification obligation                                                        
                                                                               
Full name (including legal form for legal entities)                            
                                                                               
Contact address (registered office for legal entities)                         
                                                                               
Phone number                                                                   
                                                                               
Other useful information (at least legal representative for                    
legal persons)                                                                 
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                                      
                                                                               
Contact address                                                                
                                                                               
Phone number                                                                   
                                                                               
Other useful information (e.g. functional relationship with                    
the person                                                                     
or legal entity subject to the notification obligation)                        

C: Additional information