Announcement: transaction in own shares                    

    Baring Emerging Europe PLC (the Company) announces today it has purchased the
    following number of its ordinary shares of 10 pence each on the London Stock
    Exchange from J.P. Morgan Securities plc.

    Ordinary Shares:                        Baring Emerging Europe                 
                                                                                   
    Date of purchase:                       20/10/2017                             
                                                                                   
    Number of ordinary shares purchased:    5000                                   
                                                                                   
    Lowest price per share:                 785.00                                 
                                                                                   
    Highest price per share:                789.50                                 
                                                                                   
    Trading venue:                          LSE                                    
                                                                                   
    Aggregate volume per trading venue:     5000                                   
                                                                                   
    Weighted average price per trading      786.82                                 
    venue:                                                                         
                                                                                   
    Discount @ close (estimate):            13.37%                                 

    The Company intends to cancel the purchased shares.

    Following the above transaction, the Company holds 3,318,207 of its ordinary
    shares in treasury and has 14,007,972 ordinary shares in issue (excluding
    treasury shares).