Director Shareholding

Deutsche Latin American Cos Tst PLC
19 February 2004



RNS

London Stock Exchange Tower

Courier Delivery Entrance

Old Broad Street

London

EC2



19 February 2004


Dear Sirs

We wish to inform you that we have today been notified that Professor Victor
Gerald Bulmer-Thomas, a director of the Company, did yesterday purchase for his
own account 13,790 of the Company's ordinary shares at a price of 72.5p per
share.

Yours faithfully

M Pope
Company Secretary


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