Transaction in Own Shares

Transaction in Own Shares

Baring Emerging Europe PLC announces that on 21st June 2007 it purchased
185,000 of its own ordinary shares of 10p each at a price of £7.664831 per
ordinary share. These shares will be held in treasury.

Following the transaction, the Company's issued ordinary share capital is
42,149,906 (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 2,210,000.