Portfolio Update

Baring Emerging Europe PLC announces that at close of business 30 September 2017
its ten largest investments were as follows:                                

	% of  Total Assets
Sberbank	10.98
Lukoil	7.75
Magnit	5.05
OTP Bank	4.75
Novatek	3.54
Mail.ru	3.45
Garanti Bank	3.33
TCS Group	3.29
Tatneft Pao	3.09
PZU	3.07

The geographic breakdown at close of business 30 September 2017 was as follows:

Russia	63.36
Poland	14.20
Turkey	11.50
Hungary	5.88
Romania	3.61
Czech rep	3.17
Greece	2.86
Other European	1.97
Cash & Equivalents	-6.55