Transaction in Own Shares

Transaction in Own Shares

Baring Emerging Europe PLC announces that on 17 March 2010 it purchased 8,317 of its
own ordinary shares of 10p each at a price of £8.338566 per ordinary share.
These shares will be cancelled.

Following the transaction, the Company's issued ordinary share capital is
35,516,735 (excluding treasury shares) and 38,834,942 (including treasury
shares) ordinary shares of 10p each. The total number of treasury shares held
by the Company is 3,318,207.