Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Baring Emerging Europe PLC

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the acquisition of shares already issued to which voting 
rights are attached                                                                       
                                                                               
An event changing the breakdown of voting rights                       YES     
                                                                               
Other (please specify):                                                        

3. Full name of person(s) subject to the notification         CITY OF BRADFORD 
obligation (iii):                                               METROPOLITAN   
                                                              DISTRICT COUNCIL 
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):       AS ABOVE     
                                                                               
5. Date of the transaction (and date on which the threshold      02.02.2015    
is crossed                                                                     
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                                11.02.2015    
                                                                               
7. Threshold(s) that is/are crossed or reached:                      5%        
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

 Class/type of     Situation                  Resulting situation              
    shares      previous to the               after the triggering             
  if possible      Triggering                  transaction (vii)               
using the ISIN  transaction (vi)                                               
     CODE                                                                      
                                                                               
                Number   Number   Number    Number of voting     % of voting   
                  of       of       of        rights (ix)           rights     
                Shares   Voting   shares                                       
                         Rights                                                
                         (viii)                                                
                                                                               
                                  Direct  Direct    Indirect   Direct  Indirect
                                            (x)       (xi)                     
                                                                               
 GB0032273343   929,000 929,000                     929,000             5.02%  


B: Financial Instruments

Resulting situation after the triggering transaction (xii)

    Type of       Expiration       Exercise/       Number of      % of voting  
   financial      date (xiii)     Conversion        voting          rights     
  instrument                     Period/ Date   rights that may                
                                     (xiv)            be                       
                                                acquired if the                
                                                 instrument is                 
                                                  exercised/                   
                                                   converted                   
                                                                               


Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
929,000                                 5.02%                                  


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

OUR HOLDING HAS NOT CHANGED, BUT THE REDUCTION IN ISSUED CAPITAL INCREASED OUR 
PERCENTAGE HOLDING SLIGHTLY.                                                   


Proxy Voting:


10. Name of the proxy holder:                                                  
                                                                               
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:                                                    
                                                                               
These shares are held on our behalf by HSBC, in a nominee account. Pensions &  
Investment Research Consultants (PIRC) vote on our behalf.                     
                                                                               
14. Contact name:                                                              
                                                                               
PATRICIA ROBERTSHAW                                                            
                                                                               
15. Contact telephone number:                                                  
                                                                               
01274 433563