Holding(s) in Company

Baring Emerging Europe Trust PLC
28 February 2002



LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

A notice was received today from Advance Developing Markets Trust plc advising 
that, following the sale of 500,000 shares in the Baring Emerging Europe Trust 
plc they have a beneficial interest in 5,375,000 of ordinary US$ 0.10 shares 
representing 4.59% of the relevant issued share capital.


LETTER FROM: THE BARING EMERGING EUROPE TRUST PLC



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