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


23 November 2012

The Company announces the buyback of 66,700 ordinary shares for cancellation at a price of 241.5p per share. The issued share capital of the Company following this buyback will be:

42,441,591 Ordinary Shares of 10 cents each (excluding 6,000,000 Ordinary Shares held in Treasury), carrying one vote each,

8,537,982 new 2012 Subscription Shares of 1 cent each (ticker: ESTS) with no voting rights (although these shares are considered 'qualifying financial instruments' in accordance with the revised DTF 5) and

10,023,846 2011 Subscription Shares of 1 cent each (ticker: ESTZ) with no voting rights and in respect of which the right to subscribe for Ordinary Shares has lapsed and the listing of which has been suspended until further notice.

The above figure of ordinary shares less treasury shares in issue of 42,441,591 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.


Enquiries

Sarah Beynsberger
0207 743 2639

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