Transaction in Own Shares

Transaction in Own Shares

Baring Emerging Europe PLC announces that on the 9th March 2009 it purchased
100,000 of its own ordinary shares of 10p each at a price of £3.397112 per
ordinary share. These shares will be cancelled.

Following the transaction, the Company's issued ordinary share capital is
37,962,027 (excluding treasury shares) and 41,280,234 (including treasury
shares) ordinary shares of 10p each. The total number of treasury shares held
by the Company is 3,318,207