THE EASTERN EUROPEAN TRUST PLC - Transaction in Own Shares
                    PURCHASE OF OWN SHARES FOR CANCELLATION                    

1) Date of the purchase:

8 November 2012

2) Number of Ordinary Shares purchased for cancellation

80,000

3) Highest and lowest price paid per share (excluding expenses):

254.94p

4) The issued share capital of the Company following this buy-back will be:

Ordinary Shares - 48,558,291 including 6,000,000 shares held in Treasury Ordinary shares - 42,558,291 excluding 6,000,000 shares held in Treasury New 2012 Subscription Shares - 8,537,982 2011 Subscription Shares - 10,023,846

5) Name of contact for queries:


Barbara Powley
020 7743 5610

6) Name of authorised Company official responsible for this notification:


Barbara Powley
for BlackRock Investment Management (UK) Limited
Secretary

7) Date of notification:

9 November 2012

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