Holding(s) in Company

Baring Emerging Europe Trust PLC
5 March 2002


A notice was received on 4 March 2002 from Deutsche Bank AG London advising that
Deutsche Bank AG and its subsidiary companies have a notifiable interest in
7,653,500 ordinary US$0.10 shares in the Baring Emerging Europe Trust plc
representing 6.53% of the relevant issued share capital.



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