Portfolio Update

Baring Emerging Europe PLC
01 September 2005


In accordance with listing Rule 21.20 (L)(ii),Baring Emerging Europe PLC
announces that as at 31 August 2005 the following companies have a value greater
than 5% of the Company's portfolio or are its ten largest investments :

Bank Pekao

CEZ

Lukoil Holdings

Magyar Olaj & Gas

Mobile Telesystems

OTP Bank

Polski Kon Naft

Sberbank Russia

Telekomun Polska

RAO Unified Energy


                      This information is provided by RNS
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