Transaction in Own Shares

Transaction in Own Shares

Baring Emerging Europe PLC announces that today it purchased 20,000 of its own
ordinary shares of 10p each at a price of £7.60 per ordinary share. These
shares will be cancelled.

Following the transaction, the Company's issued ordinary share capital is
34,482,110 (excluding treasury shares) and 37,800,317 (including treasury
shares) ordinary shares of 10p each. The total number of treasury shares held
by the Company is 3,318,207.