AGM Statement

Deutsche Latin American Cos Tst PLC
28 June 2002



                  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 all resolutions were passed by a substantial
majority.

The Special Business at the Annual General Meeting approved by shareholders was
(i) the authority for the Directors to allot securities up to an aggregate
nominal amount of £3,466,374 (ii) disapplication of pre-emption rights (iii) the
authority for the Company to make market purchases for up to 7,167,026 ordinary
shares and (iv) the resolution that the Company continue as an investment trust
subject to review by shareholders at the next Annual General Meeting.



M Pope

Joint Company Secretary



END

28 June 2002



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