Net Asset Value(s)

RNS Number:2964N
Eastern European Trust PLC
08 July 2003



THE EASTERN EUROPEAN TRUST PLC ("the Company")

The Net Asset Value (NAV) per ordinary share of the Company as at 30 June 2003
was as follows:

Basic NAV: US 1,645.90 cents (997.39 pence)



 Geographical Distribution



Detailed below is the geographical distribution of total net assets (in
descending order) as at 30 June 2003 in percentages.
                                                                              US$               %

Russia                                                                 61,750,807              47
Poland                                                                 22,324,436              17
Hungary                                                                21,881,086              17
Central Asia                                                           12,877,221              10
Ukraine                                                                 3,275,455               3
Czech Republic                                                          3,134,863               2
Croatia                                                                 2,409,209               2
Romania                                                                 2,138,185               2
Austria                                                                 1,931,990               1
Estonia                                                                 1,692,481               1
Bulgaria                                                                  683,338               1
Slovakia                                                                        0               0
Lithuania                                                                       0               0
Slovenia                                                                        0               0
Cash and fixed interest                                  0                                      0
Bank Overdrafts                                (4,200,819)                                      0

                                          ----------------
Net Cash                                                              (4,200,819)             (3)

                                                                 ----------------      ----------


                                                                      129,898,252           100.0

                                                                        =========          ======





8 JULY 2003







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