Portfolio Update

BARING EMERGING EUROPE PLC

PORTFOLIO UPDATE

Baring Emerging Europe PLC announces that at close of business 30 September 2020 its ten largest investments were as follows:

	% of Total Assets
Sberbank	9.94%
Lukoil	7.05%
Gazprom	6.10%
Norilsk Nickel	5.93%
Polyus ORD	4.46%
CD Projekt S.A	4.42%
Yandex	4.40%
Mail RU Group	4.34%
AO Tatneft	4.11%
Novatek	3.85%

The geographic breakdown at close of business 30 September 2020 was as follows:

Russia	72.10%
Poland	12.26%
Turkey	8.05%
Greece	2.43%
Czech Republic	1.62%
Kuwait	0.89%
Romania	0.73%
Cash & Equivalent	1.92%