Kleinwort Emerging - Holding by Kleinwort Benson

RNS No 9907c
KLEINWORT EMERGING MARKETS TRUST PLC


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Kleinwort Emerging Markets Trust PLC

2   Name of shareholder having a major interest:
Dresdner Bank AG, Kleinwort Benson Group plc and Kleinwort Benson Investment
Management Ltd

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:
Non-beneficial (interest arises from investment management services to
discretionary clients)

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

5   Number of shares/amount of stock acquired:
-

6   Percentage of issued class:
-

7   Number of shares/amount of stock disposed:
6,850

8   Percentage of issued class:
0.02%

9   Class of security:
Ordinary shares of 10p

10  Date of transaction:
2nd March 1998

11  Date company informed:
4th March 1998

12  Total holding following this notification:
8,213,894

13  Total percentage holding of issued class following this notification:
29.025%

14  Contact name for queries:
Peter Longcroft

15 Contact telephone number:
0171 475 5617

16  Name of company official responsible for making notification:
Mr P L Longcroft

17  Date of notification:
5th March 1998

Additional Information:



This announcement results from the transfer of 6,850 shares from discretionary
to non-discretionary management.

The interest of Kleinwort Benson Investment Management Limited is 7,639,923
shares (26.996%).

The interest of Kleinwort Benson Investment Management Holdings Limited is
8,213,894 shares (29.025%).


END

HOLZEFFBVXKFBKV