Portfolio Update

BARING EMERGING EUROPE PLC

PORTFOLIO UPDATE

Baring Emerging Europe PLC announces that at close of business 31 July 2020 its ten largest investments were as follows:

		% of Total Assets
Sberbank		9.42%
Lukoil		7.78%
Gazprom		6.37%
Norilsk Nickel		6.05%
AO Tatneft		4.81%
Polyus ORD		4.55%
Mail RU Group		4.16%
CD Projekt S.A		4.12%
X5 Retail Group		4.06%
Novatek		3.86%

The geographic breakdown at close of business 31 July 2020 was as follows:

Russia			71.34%
Poland			13.00%
Turkey			8.71%
Greece			1.77%
Czech Republic			1.68%
Kuwait			0.86%
Romania			0.62%
Cash & Equivalent			2.02%