Portfolio Update

BARING EMERGING EUROPE PLC
PORTFOLIO UPDATE

Baring Emerging Europe PLC announces that at close of business 28 August 2020 its ten largest investments were as follows:

	% of Total Assets
Sberbank	9.44%
Lukoil	7.68%
Gazprom	6.28%
Norilsk Nickel	5.89%
Polyus ORD	4.84%
AO Tatneft	4.73%
CD Projekt S.A	4.54%
Mail RU Group	4.50%
PZU	4.06%
Yandex	4.05%

The geographic breakdown at close of business 28 August 2020 was as follows:

Russia	71.91%
Poland	14.02%
Turkey	7.70%
Greece	1.86%
Czech Republic	1.74%
Kuwait	0.79%
Romania	0.62%
Cash & Equivalent	1.36%