Portfolio Update

Baring Emerging Europe PLC
03 May 2006



In accordance with listing Rule 21.20 (L)(ii), Baring Emerging Europe PLC 
announces that as at 30 April 2006 the following companies have a value greater
than 5% of the Company's portfolio or are its ten largest investments:


CEZ
Gazprom
JSC MMC Norilsk
Lukoil Holdings
Magyar Olaj & Gas
OTP Bank
Polski Kon Naft
RAO Unified Energy
Sberbank Russia
Surgutneftegaz



                      This information is provided by RNS
            The company news service from the London Stock Exchange