Net Asset Value(s)

Baring Emerging Europe PLC

At the close of business on 21 September 2015, the unaudited net asset value per ordinary share, valued on a bid price basis:
 

Capital only net asset value                               518.88p

Net asset value including income                       537.15p

The Company has successfully recovered £365,000 in respect of excess withholding tax on dividends received from companies in Poland during the period 2004 to 2008. The amount reclaimed included interest of £141,000. The total recovered has been included with net revenue in the NAV for 21 September 2015.