Holding(s) in Company

Baring Emerging Europe Trust PLC
30 July 2002



A notice was received today from Carrousel Capital Ltd advising that following
the sale of 1,026,224 ordinary US$0.10 shares in The Baring Emerging Europe
Trust PLC on 29 July 2002, The Carrousel Fund has a notifiable interest in
6,376,848 ordinary US$0.10 shares representing 6.35% of the relevant issues
share capital of The Baring Emerging Europe Trust PLC.



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