Transaction in Own Shares

Transaction in Own Shares

Baring Emerging Europe PLC announces that on 10th August 2007 it purchased
77,500 of its own ordinary shares of 10p each at a price of £7.782258 per
ordinary share. These shares will be held in treasury.

Following the transaction, the Company's issued ordinary share capital is
41,834,681 (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 2,525,225.