Holding(s) in Company

Baring Emerging Europe Trust PLC
18 July 2002



A notice was received today from The Carrousel Fund advising that following the 
purchase of 5,638,000 shares on 17 July 2002 they have a notifiable interest in 
7,403,072 ordinary US$0.10 shares in the Baring Emerging Europe Trust plc 
representing 6.32% of the relevant issued share capital.


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