Director Shareholding

RNS Number:1424N
Eastern European Trust PLC
03 July 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

 1. Name of company

    The Eastern European Trust PLC

    2) Name of director

    Neil Martin England

    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 or in
    respect of a non-beneficial interest

    The holding is in respect of the person named in 2 above

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

    Neil Martin England

    5) Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A

    6) Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    Share acquisition

    7) Number of shares/amount of
    stock acquired

    2,000 ordinary US$1.00 shares

    8) Percentage of issued class

    0.025%

    9) Number of shares/amount
    of stock disposed

    N/A

    10) Percentage of issued class

    N/A

    11) Class of security

    ordinary shares of US$1.00 each

    12) Price per share

    852p

    13) Date of transaction

    3 July 2003

    14) Date company informed

    3 July 2003

    15) Total holding following this notification

    2,000 ordinary US$1.00 shares

    16) Total percentage holding of issued class following this notification

    0.025%

    17) Name of contact and telephone number for queries

    Susan Venables


        BNP Paribas Secretarial Services Limited

        020 7410 5971


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

        Susan Venables

        Date of Notification: 3 July 2003



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