AGM Statement

Deutsche Latin American Cos Tst PLC
27 June 2003


                  Deutsche Latin American Companies Trust PLC

                             Annual General Meeting

The Board of Deutsche Latin American Companies Trust PLC announces that at the
Annual General Meeting held today the resolution that the Company continue as an
investment trust, subject to review by shareholders at the next AGM, was passed
by a substantial majority.

The other Special Business at the Annual General Meeting approved by
shareholders was the authority for the Directors to allot securities up to an
aggregate nominal amount of £3,466,374 and the authority for the Company to make
market purchases for up to 7,167,026 ordinary shares. The resolution concerning
the disapplication of pre-emption rights was however narrowly defeated on a
poll.


M Pope

Joint Company Secretary



END

27 June 2003


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