BEMO Barings Emerging Emea Opportunities Plc

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):                Company purchased and cancelled 72,000
ordinary shares

3. Full name of person(s) subject to the notification    Lazard Asset
obligation                                               Management LLC

4. Full name of shareholder(s) (if different from 3.)    Bank of New York, Inc
                                                         - Global Custody

                                                         JP Morgan Chase -
                                                         Swift

                                                         Mellon Trust

                                                         Morgan Stanley Prime
                                                         Brokerage

                                                         Northern Trust Co

                                                         State Street Bank -
                                                         Custodian

                                                         State Street Bank -
                                                         Master Tr

                                                         State Street Bank -
                                                         Custody Master Trust

5. Date of the transaction (and date on which the        17 December 2014
threshold is crossed or reached if different)

6. Date on which issuer notified :                       18 December 2014

7. Threshold(s) that is/are crossed or reached:          Decrease from 10% to 9%


8. Notified details:

A: Voting rights attached to shares

Class/type of      Situation        Resulting situation after the triggering
    shares        previous 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

 GB0032273343          1,884,529                    1,825,072           9.792%



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

1,825,072                               9.792%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Lazard Asset Management LLC controls all the voting rights held of this issuer.



Proxy Voting:


10. Name of the proxy holder:                                 N/A

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:        Legal & Compliance Department

15. Contact telephone    0207 448 2119
number :