Portfolio Update

Baring Emerging Europe PLC announces that at close of business 29 February 2016 its ten largest investments were as follows:
 

	% of Total Assets
Sberbank	11.02
Lukoil	9.90
Akbank	8.65
Turkiye Halk Bankasi	6.31
PZU	6.08
Magnit	5.29
Novatek	4.77
Turkiye Petrol Rafinerie	3.80
Phosagro	3.61
Turk Traktor Ve Ziraat	3.48

The geographic breakdown at close of business 29 February 2016 was as follows:

Russia	54.59
Turkey	28.34
Poland	14.12
Romania	3.47
Hungary	2.17
Czech Rep	2.07
Greece	1.69
Georgia	1.65
Kazakhstan	0.75
Cash & Equivalents	-8.85