Holding(s) in Company

RNS Number:5525T
Eastern European Trust PLC
22 December 2003

THE EASTERN EUROPEAN TRUST PLC ("the Company")



The Company has today been notified that, following an acquisition of ordinary
shares in the Company, discretionary clients of City of London Investment 
Management Company Limited have an aggregate interest in 1,594,507 ordinary 
US$1.00 shares representing 20.21 % of the Company's issued share capital. 
The various funds investing in the shares has changed and these are detailed below.

Relevant clients of City of London Investment Management Company Limited have
the following

beneficial interests:

Fund                                                         No. of shares held     % of issued share capital
The Emerging Markets Country Fund                            930,476                11.79
Investable Emerging Markets Country Fund                     424,631                5.38
Emerging (Free) Markets Country Fund                         166,400                2.11
The Emerging World Fund                                      57,500                 0.73
The GFM Emerging Markets Country Fund                        15,500                 0.20



22 DECEMBER 2003







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