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Govett Em.Mark.Inv. (GEM)

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Wednesday 07 February, 2001

Govett Em.Mark.Inv.

Holding in Company

Govett Emerging Markets Inv Tst PLC
7 February 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     GOVETT EMERGING MARKETS INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     DEUTSCHE BANK AG, LONDON

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     AS IN 2)

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     NOT ADVISED

5)   Number of shares/amount of stock acquired.

     NOT ADVISED

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   ( - %) of issued Class

9)   Class of security

     ORDINARY 10p

10)  Date of transaction

     NOT ADVISED

11)  Date company informed

     6.2.01

12)  Total holding following this notification

     2,465,400               
              
13)  Total percentage holding of issued class following this notification

     6.89%

14)  Any additional information



15)  Name of contact and telephone number for queries

     SARA WALTHAM: 020 7940 5742

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification: 6 Feb 2001



                                                                                
                                                                                
                                                                               

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