Holding(s) in Company

Deutsche Latin American Cos Tst PLC
28 July 2003



RNS

The London Stock Exchange

Courier Delivery Entrance

Old Broad Street

London EC2



28 July 2003


Dear Sirs


We wish to announce that we have today been informed by Charlemagne Capital
(IOM) Limited, that its holding of 1,650,000 ordinary shares in this Company,
which represents 3.45% of the issued share capital, is now held on behalf of
Magna Global Emerging Markets Fund. The holding was formerly held on behalf of
Undervalued Assets Series One.


Yours faithfully


M Pope

Joint Company Secretary


                      This information is provided by RNS
            The company news service from the London Stock Exchange