Portfolio Update

Baring Emerging Europe PLC
04 October 2005


In accordance with listing Rule 21.20 (L) (ii),Baring Emerging Europe PLC 
announces that as at 30 September 2005 the following companies have a value 
greater than 5% of the Company's portfolio or are its ten largest investments:

Bank Pekao 
CEZ
Lukoil Holdings 
Magyar Olaj & Gas 
Mobile Telesystems 
OTP Bank 
Polski Kon Naft 
RAO Unified Energy 
Sberbank Russia 
Telekomun Polska.


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