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 26 January 2010
threshold is crossed
or reached if different)
6. Date on which issuer notified: 28 January 2010
7. Threshold(s) that is/are crossed or reached: From 14% to 13%
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
of of of rights voting
Shares Voting shares rights
Rights
Direct Indirect Direct Indirect
Ordinary 5,067,462 5,067,462 5,042,462 13.96%
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
Total (A+B+C)
Number of voting rights % of voting rights
5,042,462 13.96%
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 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: Jay McKenna or Mike Sugrue
15. Contact telephone Jay.McKenna@Citlon.Com - 001-610-380-0121 OR
number :
Michael.Sugrue@Citlon.co.uk - 0207 860 8340