BARING EMERGING EUROPE PLC PORTFOLIO UPDATE

Baring Emerging Europe PLC announces that at close of business 29 May 2020 its ten largest investments were as follows:

% of Total Assets
Lukoil 9.60%
Gazprom 8.64%
Sberbank 8.23%
Norilsk Nickel 6.72%
AO Tatneft 5.06%
PZU 4.47%
X5 Retail Group 4.16%
Cd Project 4.03%
Novatek 3.98%
Mobile Telesystems 3.65%

The geographic breakdown at close of business 29 May 2020 was as follows:

Russia 68.74%
Poland 13.33%
Turkey 11.24%
Greece 1.88%
Czech Republic 1.14%
Kuwait 0.89%
Romania 0.63%
Other European 0.11%
Cash & Equivalent 2.04%