Portfolio Update

Baring Emerging Europe PLC
02 March 2006



In accordance with listing Rule 21.20 (L) (ii), Baring Emerging Europe PLC
announces that as at 28 February 2006 the following companies have a value
greater than 5% of the Company's portfolio or are its ten largest investments:

CEZ

Gazprom

JSC MMC Norilsk

Lukoil Holdings
 
Magyar Olaj & Gas
 
OTP Bank 

Polski Kon Naft 
 
RAO Unified Energy
 
Sberbank Russia 

Surgutneftegaz

                      This information is provided by RNS
            The company news service from the London Stock Exchange