Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS.

1.      Name of the issuer.

        Baring Emerging Europe PLC

2.      State whether the notification relates to (i) a transaction notified in accordance with      DR   3.1.4R    (1)
(a); or (ii) DR 3.1.4R (1) (b) a disclosure made in accordance with section 324 (as extended by section 328) of the
Companies Act 1985; or (iii) both (i) and (ii).

Relates to (iii) above.

3.      Name of person discharging managerial responsibilities/director.

        Josephine Dixon

4.      State whether notification relates to a person connected with a person discharging managerial
responsibilities/director named in 3 and identify the connected person.

N/A

5.      Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect
of a non-beneficial interest.

        Person referred to in 3 above.

6.      Description of shares (including class), debentures or derivatives or financial instruments relating to shares.

        Ordinary shares of 10p.

7.      Name of registered shareholders(s) and, if more than one, the number of shares held by each of them.

        Josephine Dixon

8.      State the nature of the transaction.

        Purchase of shares.

9.      Number of shares, debentures or financial instruments relating to shares acquired.

        2,325

10.     Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating
percentage).

        0.005%



11.     Number of shares, debentures or financial instruments relating to shares disposed.

        N/A

12.     Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating
percentage).

        N/A

13.     Price per share of value of transaction.

        £6.3050

14.     Date and place of transaction.

        13 July 2006.

15.     Total holding following notification and total percentage holding following notification (treasury shares of that
class should not be taken into account when calculating percentage).

        2,325 Ordinary shares

16.     Date issuer informed of transaction.

        13 July 2006.

        (If a person discharging managerial responsibilities has been granted options by the issuer complete the following
boxes).

17.     Date of Grant.



18.     Period during which or date on which it can be exercised.



19.     Total amount paid (if any) for grant of the option.



20.     Description of shares or debentures involved (class and number).



21.     Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise.



22.     Total number of shares or debentures over which options held following notification.



23.     Any additional information.



24.     Name of contact and telephone number for queries.

        Mike Nokes
        020 7982 1260

25.     Name and signature of duly authorised officer of issuer responsible for making notification.





        Graham Venables


        13 July 2006.