Transaction in Own Shares

Transaction in Own Shares Baring Emerging Europe PLC announces that on 18 April 2007 it purchased 225,000 of its own ordinary shares of 10p each at a price of £7.67 per ordinary share. These shares will be held in treasury. Following the transaction, the Company's issued ordinary share capital is 42,854,906 (excluding treasury shares) and 44,359,906 (including treasury shares) ordinary shares of 10p each. The total number of treasury shares held by the Company is 1,505,000.
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