Transaction in Own Shares

Transaction in Own Shares

Baring Emerging Europe PLC announces that on 14th September 2007 it purchased
80,950 of its own ordinary shares of 10p each at a price of £7.710603 per
ordinary share. These shares will be held in treasury.

Following the transaction, the Company's issued ordinary share capital is
41,577,707 (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 2,782,199.