Purchase of Own Securities

Baring Emerging Europe Trust PLC
16 February 2001

On 15 February 2001 Baring Emerging Europe Trust plc purchased for cancellation
160,000 of its own shares at:-

Average price per share:     US$ 1.96 per share.
Highest price per share:     US$ 1.97 per share.
Lowest price per share:      US$ 1.95 per share

Following this purchase the total number of ordinary shares in issue is
121,210,705.