Appointment

Baring Emerging Europe Trust PLC
2 April 2001

                     The Baring Emerging Europe Trust plc


For immediate release: 2 April, 2001


   Former Director of Flemings joins Board of Baring Emerging Europe Trust


Iain Saunders has today been appointed a Director of The Baring Emerging
Europe Trust PLC ('BEET'). Until earlier this year, he had spent 30 years with
Flemings, latterly as Deputy Chairman of Robert Fleming Asset Management, a
position he had held since 1994.

Commenting on the appointment, Sir William Ryrie, Chairman of BEET, said:

        'We are delighted to have enlisted Iain Saunders to the Board. He
        brings not only immense experience of the asset management business
        but also very relevant perspectives on emerging markets through his
        long and distinguished career at Flemings.'


Notes for editors

1. BEET is a London-listed investment trust with a market capitalisation in
excess of $300 million. Ranked first by Standard & Poor's Investment Funds
Performance Awards over five years for UK emerging markets investment trusts,
BEET has achieved compound growth of 14 per cent per annum since inception in
January 1994 (compared with -4.4 per cent a year for the BEMI benchmark
index). The Fund's manager is Baring Asset Management.

2. Iain Saunders joined Flemings in 1971 after graduating from Bristol
University with a first class degree in economics. He transferred to Jardine
Fleming in 1976 as a Far Eastern investment manager based in Hong Kong. Two
years later, he was appointed General Manager of Jardine Flemings' Japanese
business. In 1984, he was posted to New York as President and Chief Executive
of Flemings' business in America and was also made a Director of Robert
Fleming Holdings, the senior group company.

He returned to London in 1989 and was appointed to the Board of Robert Fleming
Asset Management in 1990, becoming Deputy Chairman in 1994. He was appointed
Chairman of the Fleming American Investment Trust in 1991, Chairman of the New
South Africa Fund and the Fleming Russia Securities Fund and Director of the
Fleming India Investment Trust in 1994, and Chairman of the Fleming Poland
Fund in 1995.

He also became a member of the Fund Managers' Association Executive Committee
and Chairman of its European and International sub-Committee. In this latter
role, he contributed to the creation of the European Asset Management
Association and became a founder member of its Executive Committee.

He is currently Chairman of the Fleming Fund, a Luxembourg based SICAV, as
well as of the Czech and Slovak Investment Company. He also remains a Director
of the Fleming American Investment Trust and the Fleming Indian Investment
Trust.


Contact:

Richard Spiegelberg, Chancery Communications          020 7269 6940

Mike Nokes, Baring Asset Management                      020 7762 8405