Portfolio Update

Baring Emerging Europe PLC announces that at close of business 31 August 2015 its ten largest investments were as follows:                        

                                                                        % of  Total Assets

Lukoil                                                                     9.86

Sberbank                                                                9.12

Magnit                                                                    6.66

Emlak Konut Gayrimenkul                                       5.59

Novatek                                                                 4.46

PZU                                                                      4.31

Akbank                                                                 3.83

Mobile Telesystems                                               3.80 

Mail.ru                                                                  3.80

Tatneft                                                                   3.50

The geographic breakdown at close of business 31 August 2015 was as follows:

                                                                                     %

Russia                                                                        60.23

Turkey                                                                        24.25

Poland                                                                        18.38

Romania                                                                       2.21

Georgia                                                                        1.34

Ukraine                                                                        1.21

Greece                                                                         1.12

Kazakhstan                                                                 0.95

Cash & Equivalents                                                     -9.69                                                                            

UK 100

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