Baring Emerging Europe plc (LSE:BEE) commences share repurchases on January 26, 2023, under the program mandated by the shareholders in the Annual General Meeting held on January 26, 2023. As per the mandate, the company is authorized to repurchase up to 1,777,518 shares, representing 14.99% of its issued share capital. The minimum price which may be paid per ordinary share will be 10 pence. The maximum price which may be paid for an ordinary share is an amount equal to the highest of 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange plc Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time. The repurchased shares will either be cancelled or held, sold, transferred, or otherwise dealt with as treasury shares in accordance with the provisions of the Act. The authority shall expire at the conclusion of the next Annual General Meeting in 2024 or March 30, 2024, whichever is earlier. As of December 5, 2022, the company had 11,858,028 shares in issue and 3,318,207 were held as treasury shares.

J.P. Morgan Securities plc acted as broker to the company.