Transaction in Own Shares

Baring Emerging Europe PLC
11 November 2004


On 11th November 2004 Baring Emerging Europe PLC purchased 150,000 of its 
ordinary shares at a price of 323p per share. These shares will be held as 
Treasury Shares.  Following this purchase the total number of ordinary shares in 
issue is 43,559,906 and the total number of ordinary shares held by the Company 
in Treasury is 800,000.


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