Portfolio Update

Baring Emerging Europe PLC
02 December 2005



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


Akbank
Bank Pekao
CEZ
JSC MMC Norilsk
Lukoil Holdings
Magyar Olaj & Gas
OTP Bank
Polski Kon Naft
Sberbank Russia
Telekomun Polska





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