Holding(s) in Company

Baring Emerging Europe Trust PLC
9 August 2002

A notice was received today from Laxey Partners Ltd advising that, they have an
interest as discretionary investment manager having control of the same in
10,676,119 ordinary US$0.10 shares in the Baring Emerging Europe Trust plc
representing 10.63% of the relevant issued share capital.  These shares are
registered as follows:-

CSFB Nominees Ltd                10,676,119

A notice was received today from Deutsche Bank AG London advising that Deutsche
Bank AG and its subsidiary companies have a notifiable interest in 4,231,377
ordinary US$0.10 shares in the Baring Emerging Europe Trust plc representing
4.21% of the relevant issued share capital.

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