Portfolio Update

Baring Emerging Europe PLC
02 November 2005

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


     Bank Pekao
     CE2
     Lukoil Holdings
     Magyar Olaj & Gas
     Mobile Telesystems
     OTP Bank
     Polski Kon Naft
     RAO Unified Energy
     Sberbank Russia
     Telekomun Polska



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