The Board of Directors of Baring Emerging Europe plc's authorized a share repurchase program on January 9, 2013. Under the program, Baring Emerging Europe will repurchase up to to 3,382,849 shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be £0.10.

The maximum price which may be paid for any ordinary share will be equal to the amount 105% of the average of the closing price of the company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased. The share repurchase program will expire at the conclusion of the next Annual General Meeting or on July 8, 2014, whichever is earlier, unless previously renewed, varied or revoked by the company in a general meeting.