The Board of Baring Emerging Europe PLC announced that Mr. Bates has retired from the Board following the company’s Annual General Meeting that was held on 16 January 2018. The Board also announced that Ms. Daley has been appointed as the new Chairman by the Board in place of Mr. Bates and Mr. Thomson has been appointed as the Chairman of the Audit Committee in place of Ms. Daley. Both appointments have been made with immediate effect.