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                           No 
                                   
An acquisition or disposal of financial instruments which may                  
result in the acquisition of shares already issued to                                                                   
which voting rights are attached                                      No             
                                                                     
                                                                               
An event changing the breakdown of voting rights                      No                              
                                                                               
Other (please specify):                                                Yes     
                                                                               
Existing positions requiring disclosure under the new Disclosure               
and Transparency Rules                                                         

3. Full name of person(s) subject to the notification     Deutsche Bank AG     
obligation (iii):                                                              
                                                                               
4. Full name of shareholder(s) (if different from 3.)     Deutsche Bank AG     
(iv):                                                                          
                                                          Tilney Group Ltd     
                                                                               
5. Date of the transaction (and date on which the                  N/A         
threshold is crossed                                                           
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                              09/03/2007      
                                                                               
7. Threshold(s) that is/are crossed or reached:                    10%         
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of      Situation        Resulting situation after the triggering   
    shares        previous to                  transaction (vii)               
 if possible    the Triggering                                                 
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)                   
                                                                               
   Ordinary      N/A      N/A    3,978,279  3,978,279 738,600   9.20     1.7   
    Shares                                                                     
 GB0032273343                                                                  
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

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

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
4,716,879                               10.90                                  

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



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           Please note that this is the first disclosure made on 
information:             behalf of Deutsche Bank AG and its subsidiary         
                         companies in relation to holdings in Baring Emerging  
                         Europe Plc since the implementation of the Disclosure 
                         and Transparency Rules in the UK.                     
                                                                               
14. Contact name:        David Lindsay\Andrew Anderson                         
                                                                               
15. Contact telephone    [phone]\8532                                    
number :