RNS Number:6544R
Eastern European Trust PLC
04 November 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 1,534,507 ordinary
US$1.00 shares representing 19.45 % 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                            885,476                11.221
Investable Emerging Markets Country Fund                     413,131                5.235
Emerging (Free) Markets Country Fund                         166,400                2.109
The Emerging World Fund                                      54,000                 0.684
The GFM Emerging Markets Country Fund                        15,500                 0.196



4 NOVEMBER 2003







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