Annual Report and Accounts

Baring Emerging Europe PLC
15 December 2003


                               Annual Report

A copy of the Annual Report of Baring Emerging Europe PLC for the period ended 
30 September 2003 has been submitted to the UK Listing Authority and will 
shortly be available for inspection at the UK Listing Authority's Document 
Viewing Facility situated at:

The Financial Services Authority
25 The North Colonade
Canary Wharf
London E14 5HS
Tel: [phone]


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