Portfolio Update

BARINGS EMERGING EMEA OPPORTUNITIES PLC (the “Company”) “Finding quality companies from Emerging Europe, the Middle East and Africa.”

10 January 2022

PORTFOLIO UPDATE

The Company announces that at close of business 31 December 2021 its ten largest investments were as follows:

     % of Total Assets

Gazprom	6.55%
Al Rajhi Bank	5.64%
Sberbank	5.23%
Lukoil Holding	4.77%
The Saudi National Bank	4.72%
Qatar National Bank	4.00%
MTN Group	3.64%
Norilsk Nickel	3.56%
Prosus	3.43%
Saudi Telecom	2.92%

The geographic breakdown at close of business 31 December 2021 was as follows:

Russia	31.46%
South Africa	22.65%
Saudi Arabia	19.62%
Poland	5.74%
United Arab Emirates	5.22%
Qatar	4.00%
Netherlands	3.43%
Hungary	2.32%
Greece	2.00%
Turkey	1.99%
Kuwait	1.39%
Cash & Equivalent	0.18%

For any enquiries please contact:
Quill PR	[phone]
Nick Croysdill, Andreea Caraveteanu

About Barings Emerging EMEA Opportunities PLC

“Finding quality companies from Emerging Europe, the Middle East and Africa.”

Barings Emerging EMEA Opportunities PLC (the “Company”) is a UK based investment trust that was launched on 18 December 2002 and is managed by Baring Fund Managers Limited.

In November 2020, the Company broadened its investment policy to focus on growth and income from quality companies in the Emerging Europe, Middle East and Africa ("EMEA") region. It also changed its name from Baring Emerging Europe PLC to Barings Emerging EMEA Opportunities PLC at the same time.

For more information, and to sign up for regular updates, please visit the Company’s website: www.bemoplc.com

Legal Entity Identifier ("LEI"):213800HLE2UOSVAP2Y69