Further re Recon. Proposals

Baring Emerging Europe Trust PLC
4 December 2002

            NOTICE OF CHANGE IN EXPECTED TIMETABLE FOR RECONSTRUCTION 
                    THE BARING EMERGING EUROPE TRUST PLC

The Board of The Baring Emerging Europe Trust PLC (the 'Company') announces that
there has been a change in the expected timetable for the reconstruction and
voluntary winding up of the Company (the 'Scheme').

The circular sent to ordinary shareholders and warrantholders of the Company on
12 November 2002, containing details of the Scheme, states that it was expected
that the listing of and dealings in ordinary shares would be suspended at the
close of business on 3 December 2002; it is now expected that they will be
suspended at 8.00 a.m. on 5 December 2002.

The ordinary share register and the warrant register of the Company are now
expected to close, and ordinary shares and warrants are expected to be disabled
in CREST, at 5.00 p.m. on 4 December 2002, not at 5.00 p.m. on 3 December 2002
as stated in the circular.

The expected timetable for the Scheme as set out in the circular remains
otherwise unchanged.

Copies of the circular have been submitted to the UK Listing Authority, and are
available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at: Financial Services Authority 25 The North
Colonnade Canary Wharf London E14 5HS. Telephone: [phone].

Enquiries:

Michael Nokes    Company Secretary    020 7762 8405 
Howard Myles     Ernst & Young LLP    020 7951 5324



                      This information is provided by RNS
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