TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
(1). Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached (ii):
The Eastern European Trust PLC
(2). Reason for the notification (please tick the appropriate
box or boxes):
An acquisition or disposal of voting rights: (X)
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached: ( )
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments: ()
An event changing the breakdown of voting rights: ()
Other (please specify): ( )
(3). Full name of person(s) subject to the notification
obligation (iii):
City of London Investment Management Company Limited
(4). Full name of shareholder(s) (if different from 3.)
(iv):
(5). Date of the transaction and date on which the threshold is
crossed or reached (v):
19 October 2012
(6). Date on which issuer notified:
23 October 2012
(7). Threshold(s) that is/are crossed or reached (vi, vii):
From 30 % to 29 % - if all subscription shares were converted -
Only 24.87 % of outstanding voting rights
(8). Notified details:
A: Voting rights attached to shares (viii, ix)
Class/type of shares (if possible using the ISIN code):
GB00B0BN1P96
Situation previous to the triggering transaction:
Number of Shares: 10,680,598
Number of Voting rights: 10,680,598
Resulting situation after the triggering transaction:
Number of shares:
Direct: 10,605,598
Number of voting rights:
Direct (xi):
Indirect (xii): 10,605,598
% of voting rights (x):
Direct:
Indirect: 24.87%
B. Qualifying Financial Instruments
Resulting situation after the triggering transaction:
Type of financial instrument:
Expiration date (xiii):
Exercise/Conversion Period (xiv):
Number of voting rights that may be acquired if the instrument
is exercised/ converted:
% of voting rights:
C. Financial Instruments with similar economic effect to
Qualifying Financial Instruments (xv, xvi)
Resulting situation after the triggering transaction:
Type of financial instrument: GB00B86T8K22 Subscription
shares
Exercise price: 273 pence
Expiration date (xvii): 1 July
2013
Exercise/Conversion Period (xviii): 1
October 2012, 2 January 2013,
1 April 2013 and 1 July 2013
Number of voting rights instrument refers to: 2,147,159 shares to be newly
created at time of conversion
% of voting rights (xix, xx):
Nominal: 25.15%
Delta: 5.04%
Total (A + B + C):
Number of voting rights: 12,752,757
29.91 % if all subscription shares were converted - Only 24.87 %
of outstanding voting rights
(9). Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable (xxi):
All Voting Rights on all Shares are controlled by City of London
Investment Management Limited.
Proxy Voting:
(10). Name of the proxy holder:
City of London Investment Management Company Limited
(11). Number of voting rights proxy holder will cease to
hold:
(12). Date on which proxy holder will cease to hold voting
rights:
(13). Additional information:
16:52 19-Oct-2012
3. Following the buyback for cancellation of 28,000 ordinary
shares on 11 October 2012, the
Eastern European Trust PLC's capital consists of 42,638,291
Ordinary Shares of 10 cents each
(excluding 6,000,000 Ordinary Shares held in Treasury), carrying
one vote each.
4. Following the conversion of 8,472 Subscription Shares on
8 October 2012, there are now
8,537,982 2012 Subscription Shares in issue.
(14). Contact name:
A B Powley
For BlackRock Investment Management (UK) Limited
Secretary
(15). Contact telephone number:
020 7743 5610
23 October 2012