Final Results - Highlights

Baring Emerging Europe Trust PLC
26 June 2001


Press Release, 26 June 2001


    The Baring Emerging Europe Trust PLC records sixth successive year of
                                outperformance

    The Baring Emerging Europe Trust PLC, the London Stock Exchange listed
 investment trust, announced today its preliminary results for the year to 30
                       April, 2001. Highlights include:

  * Net asset value per share (diluted) of the fund declined by 25 per cent,
    compared with a fall of 29 per cent in the BEMI Emerging Europe index. The
    fall in net asset value per share this year compares to an increase of 51
    per cent in 1999/2000.
  * Since inception in January 1994, the net asset value of the fund has
    increased at a compound annual rate of growth of 14 per cent
  * During the year the Company purchased 5,635,000 of its own shares and
    750,000 warrants for cancellation
  * The Board remains positive about the longer term outlook for the region



For further information:


Michael Nokes, Baring Asset Management            020 7762 8405

Richard Spiegelberg, Chancery Communications      020 7269 6940

[e-mail]

Jeanette Hamster, Chancery Communications         020 7269 6940

[e-mail]