Purchase of Own Securities

Baring Emerging Europe Trust PLC
20 February 2001


On 19 February 2001 Baring Emerging Europe Trust plc purchased for cancellation
2,600,000 of its own shares at:-

Average price per share               US$1.9768 per share
Highest price per share               US$1.98   per share
Lowest price per share                US$1.97   per share

Following this purchase the total number of ordinary shares in issue is
118,210,705.