Portfolio Update

Baring Emerging Europe PLC announces that at close of business 31 March 2020

its ten largest investments were as follows: 

  % of  Total Assets

Gazprom 9.35%
Sberbank 8.61%
Lukoil 7.99%
Norilsk Nickel 5.67%
AO Tatneft  5.49%
X5 Retail Group 4.42%
PZU 4.37%
PKO Bank Polski 3.73%
Novatek  3.66%
Mobile Telesystems 3.37%

The geographic breakdown at close of business 31 March 2020 was as follows:

Russia 67.31%
Poland 11.82%
Turkey 10.80%
Greece 2.35%
Romania 2.87%
Hungary 0.39%
Kuwait 0.87%
Other European 0.12%
Cash & Equivalents 3.47%
UK 100

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