Holding(s) in Company

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA                      
include the annex                             
                                              
For filings with issuer                       
exclude the annex                             
                                              
TR-1: Notifications of Major Interests in     
Shares                                        
                                              
1. Identity of the issuer or   Baring Emerging
the underlying issuer of       Europe PLC     
existing shares to which                      
voting rights are attached:                   
                                              
2. Reason for notification (yes/no)           
                                              
An acquisition or disposal of voting  Yes     
rights                                        
                                              
An acquisition or disposal of         NO      
financial instruments which may               
result in the acquisition of shares           
already issued to which voting rights         
are attached                                  
                                              
An event changing the breakdown of    NO      
voting rights                                 
                                              
Other (please specify):______________ NO      
                                              
3. Full name of       City of London          
person(s) subject to  Investment Management   
notification          Company Limited         
obligation:                                   
                                              
4. Full name of                               
shareholder(s) (if                            
different from 3):                            
                                              
5. Date of            9 July , 2008           
transaction (and date                         
on which the                                  
threshold is crossed                          
or reached if                                 
different):                                   
                                              
6. Date on which      11 July , 2008          
issuer notified:                              
                                              
7. Threshold(s) that  5 %                     
is/are crossed or                             
reached:                                      

8: Notified Details                                                          
                                                                             
A: Voting rights attached to shares                                          
                                                                             
Class/type  Situation       Resulting situation after the triggering         
of shares   previous to the transaction                                      
            triggering                                                       
If possible transaction                                                      
use ISIN                                                                     
code                                                                         
                                                                             
                                                                             

Number  Number of Number  Number of voting  Percentage of voting             
of      voting    of      rights            rights                           
shares  rights    shares                                                     
                                                                             
                          Direct  Indirect  Direct  Indirect                 
                                                                             
GB0032273343                                                                 
                                                                             
1,882,906                                                                    
                                                                             
1,882,906                                                                    
                                                                             
2,962,625                                                                    
                                                                             
2,962,625                                                                    
                                                                             
7.42 %                                                                       

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of financial Expiration   Exercise/    No. of voting   Percentage of      
instrument        date         conversion   rights that may voting rights      
                               period/date  be acquired (if                    
                                            the instrument                     
                                            exercised/                         
                                            converted)                         
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                Percentage of voting rights             
                                                                               
2,962,625                              7.42 %                                  
                                                                               
9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
All Voting Rights on all Shares are controlled by City of London Investment    
Management Limited.                                                            

Proxy Voting:                                                                  
                                                                               
10. Name of proxy holder:              Held through City of London Investment  
                                       Management Limited                      
                                                                               
11. Number of voting rights proxy                                              
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will                                            
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14 Contact name:                       Jay McKenna or Clayton Gillece          
                                                                               
15. Contact telephone name:            [e-mail] -                
                                       001-610-380-0121 OR                     
                                                                               
                                       [e-mail] - 0207 860 
                                       8332                                    

For notes on how to complete form TR-1 please see the FSA website.