Transaction in Own Shares - Clarification

Due to an archiving error by PRNewswire's regulatory news feed manager, the following 
statement issued on 10th April 2008 was re-released on the evening of 31st May 2008.

PRNewswire wishes to make it clear that the duplicate submission is the result of a 
technical process error and in no way constitutes an active resubmission by the issuing 
company.

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Transaction in Own Shares

Baring Emerging Europe PLC announces that on 10th April 2008 it purchased
135,000 of its own ordinary shares of 10p each at a price of £9.019041 per
ordinary share. These shares will be held in treasury.

Following the transaction, the Company's issued ordinary share capital is
40,537,168 (excluding treasury shares) and 44,359,906 (including treasury
shares) ordinary shares of 10p each. The total number of treasury shares held
by the Company is 3,822,738.