BARING EMERGING EUROPE : s) in Company

    TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES
     

    1. Identity of the issuer or the underlying issuer of existing shares to which
    voting rights are attached

    Baring Emerging Europe PLC

    2. Reason for the notification                                   State    
                                                                     Yes/No   
                                                                              
    An acquisition or disposal of voting rights                        X      
                                                                              
    An acquisition or disposal of financial instruments which may             
    result in the                                                             
    acquisition of shares already issued to which voting rights               
    are attached                                                              
                                                                              
     An event changing the breakdown of voting rights                         
                                                                              
    Other (please specify):                                                   

       

    3. Full name of person(s) subject to the notification         City of London        
    obligation                                                    Investment Management 
                                                                  Company Limited       
                                                                                        
    4. Full name of shareholder(s) (if different from 3.)                               
                                                                                        
    5. Date of the transaction (and date on which the threshold       7 January 2016    
    is crossed                                                                          
    or reached if different)                                                            
                                                                                        
    6. Date on which issuer notified:                                11 January 2016    
                                                                                        
    7. Threshold(s) that is/are crossed or reached:                     Above 14%       

      8. Notified details:

    A: Voting rights attached to shares

      Class/type of    Situation previous             Resulting situation after the triggering           
         shares                to                                   transaction                          
       if possible       the triggering                                                                  
     using the ISIN       transaction                                                                    
          CODE                                                                                           
                                                                                                         
                       Number     Number      Number          Number of voting      Percentage of voting 
                         of         of          of                 rights                  rights        
                       Shares     Voting      shares                                                     
                                  Rights                                                                 
                                                                                                         
                                                                                                         
                                              Direct        Direct       Indirect     Direct    Indirect 
                                                                                                         
                                                                                                         
      GB0032273343    2,372,785 2,372,785    2,384,785                  2,384,785                 14.0%  
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         

    B: Qualifying Financial Instruments

    Resulting situation after the triggering transaction

       Type of       Expiration       Exercise/        Number of voting     % of voting 
      financial         date         Conversion       rights that may be       rights   
      instrument                       Period          acquired if  the                 
                                                          instrument                    
                                                    is exercised/converted              
                                                                                        
                                                                                        
                                                                                        

    C: Financial Instruments with similar economic effect to Qualifying Financial
    Instruments

    Resulting situation after the triggering transaction

    Type of financial Exercise Expiration  Exercise /        Number of voting       % of voting rights 
       instrument      price      date     Conversion    rights instrument refers                      
                                             period                 to                                 
                                                                                                       
                                                                                    Nominal     Delta  
                                                                                                       
                                                                                                       
                                                                                                       

       

    Total (A+B+C)                                                            
                                                                             
    Number of voting rights              % of voting rights                  
                                                                             
    2,384,785                            14.0%                               

    9. Chain of controlled undertakings through which the voting rights and/or the
    financial instruments are
    effectively held, if applicable:
     

    All voting rights on all shares are controlled by City of London         
    Investment Management Company Limited                                    
                                                                             

    Proxy Voting:

     

    10. Name of the proxy holder:                            City of London  
                                                             Investment      
                                                             Management      
                                                             Company Limited 
                                                                             
    11. Number of voting rights proxy holder will cease to                   
    hold:                                                                    
                                                                             
    12. Date on which proxy holder will cease to hold voting                 
    rights:                                                                  

       

    13. Additional                                                            
    information:                                                              
                                                                              
    14. Contact name:      Mark Dwyer or Christopher Weaver                   
                                                                              
    15. Contact telephone  [e-mail]  - 0207 860 8312  OR       
    number :               [e-mail] - 0207 860 8329