Holding(s) in Company

Baring Emerging Europe Trust PLC
29 November 2002


A notice has been received today from Bear Stearns International Trading Limited
advising that at the close of business on the 28th November, they have a
notifiable interest in 10,385,000 Baring Emerging Europe Trust plc Ordinary
US$0.10 shares,representing 10.19% of the issued share capital of the Company.


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