Holding(s) in Company

Baring Emerging Europe Trust PLC
7 March 2002

A notice was received on 6 March 2002 from Deutsche Bank AG London advising that
Deutsche Bank AG and its subsidiary companies have a notifiable interest in
4,853,500 ordinary US$0.10 shares in The Baring Emerging Europe Trust PLC
representing 4.14% of the relevant issued share capital.


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