Portfolio Update

Baring Emerging Europe PLC
2 March 2005

In accordance with listing Rule 21.20(L)(ii) Baring Emerging Europe plc
announces that as at 28 February 2005 the following companies have a value
greater than 5% of the Company's portfolio or are its ten largest investments:


Bank Pekao
CEZ
Komercni Banka
Lukoil Holdings
Magyar Olaj & Gas
Mobile Telesystems
OTP Bank
Polski Kon Naft
Richter Gedeon
Telekomun Polska

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