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 Yes
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 Advance Developing
obligation Markets Fund Ltd
4. Full name of shareholder(s) (if different from 3.) Nortrust Nominees
Limited
5. Date of the transaction (and date on which the 08 January 2010
threshold is crossed
or reached if different)
6. Date on which issuer notified: 11 January 2010
7. Threshold(s) that is/are crossed or reached: 4%
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 transaction
ISIN CODE
Number Number Number Number of voting Percentage of
of of of rights voting
Shares Voting shares rights
Rights
Direct Indirect Direct Indirect
Ordinary 1,414,894 1,414,894 1,664,894 1,664,894 n/a 4.61% n/a
Shares
GB0032273343
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of
financial date Conversion rights that may be voting
instrument Period acquired if the rights
instrument
is exercised/
converted
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise / Number of voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
Nominal Delta
Nil
Total (A+B+C)
Number of voting rights % of voting rights
1,664,894 4.61%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
n/a
Proxy Voting:
10. Name of the proxy holder: n/a
11. Number of voting rights proxy holder will cease to hold: n/a
12. Date on which proxy holder will cease to hold voting n/a
rights:
13. Additional Advance Emerging Capital Ltd is investment manager to
information: Advance Developing Markets Fund Ltd
14. Contact name: John Luetchford
15. Contact telephone 020 7490 4355
number :