Holding(s) in Company

Baring Emerging Europe PLC
10 January 2003


A notice was received from Bank of England advising that The Bank of England
Pension Fund has a notifiable interest in 2,900,000 ordinary shares of £0.10 in
Baring Emerging Europe plc representing 6.46% of the relevant issued share
capital.

These shares are registered in the name of The Securities Management Trust
Limited.


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