The Eastern European Trust PLC
30 November 2012
Reminder of your right to subscribe for Ordinary Shares at 273p
per share
This announcementis issued by way of reminder only and is not to
be read as a recommendation to Subscription Shareholders to
exercise their Subscription Share Rights or otherwise. You will
still have furtheropportunitiesto subscribe for all or any of the
Ordinary Shares to which your Subscription Shares relateo n1 April
2013and1 July 2013 at 273p per share if you choose not to do so on
this occasion.
Exercise of Subscription Share Rights held in Certificated
form
Shareholders wishing to exercise their Subscription Share
Rights, who hold their shares in Certificated form, should refer to
the instructions on the reverse of their Subscription Share
Certificate(s). Shareholders must lodge the relevant Subscription
Share certificate(s) at the office of Computershare Priority
Applications, Corporate Actions, Bristol BS99 6AJ during the period
of 28 days ending at 5.00 pm on the
relevant Subscription Date (2 January
2013), having completed the notice of exercise of
Subscription Share Rights, and a remittance for the aggregate
Subscription Price for the Ordinary Shares in respect of which the
Subscription Share Rights are being exercised. Shares will be
allotted within ten business days of the relevant Subscription Date
(by 16 January 2013.
Exercise of Subscription Share Rights held through CREST
Shareholders wishing to exercise their Subscription Share
Rights, who hold their Shares through CREST, should send a USE
(Unmatched Stock Event) instruction as set out below together with
a remittance for the aggregate Subscription Price in respect of
which the Subscription Share Rights are being exercised. When
sending a USE instruction Shareholders should use the following
participation and member account IDs when processing their
applications:
CREST Participant ID = 0RA27
CREST Member Account ID = EASTERN
The USE (instruction should be inputted to settle by
2.00 p.m. on the relevant
Subscription Date (2 January 2013).
Shares will be allotted within ten business days of the relevant
Subscription Date (by 16 January
2013).
All times referred to relate to the normal CREST daily
timetable. It is a Subscription Shareholder's responsibility to
monitor that timetable for changes until 2.00 p.m. on 2 January
2013 and to take appropriate action if any of the events are
brought forward.
Exercise of Subscription Share Rights held through the BlackRock
Stocks & Shares ISA or Share Plan
Savings Scheme Participants wishing to exercise their
Subscription Share Rights should download the Savings Plan Notice
of Exercise of Subscription Share Rights Form or the Stocks &
Shares ISA Notice of Exercise of Subscription Share Rights Form
which will shortly be available from www.blackrock.co.uk/its,
complete and return it to the address given at the top of the form.
Forms must be received at least seven business days before the
relevant Subscription Date on which the exercise of Subscription
Share Rights are applicable and therefore should be received by
21 September 2012. Shares arising
from the exercise of Subscription Share Rights will be issued
within ten business days of the relevant Subscription Date (by
16 January 2013).
Net asset value and share price information
* The net asset value per Ordinary Share (fully diluted) and the
closing
prices for the Company's Ordinary Shares and Subscription
Shares, taken
from the Daily Official List of the London Stock Exchange on the
first
dealing day in each of the six months (or since issue of the
Subscription
Shares if this is less than six months) prior to the date of
this
announcement and on the latest practicable date prior to the
date of this
announcement, were as follows:
Ordinary Share OrdinaryShare 2012 Subscription
SharePrice(pence)
Net asset value(pence) Price(pence)
1 August 2012 273.51 242.125 6.50
3 September 2012 277.27 242.50 7.50
1 October 2012 285.93 258.50 7.00
1 November 2012 281.61 252.25 6.00
29 November 2012 278.06 239.50 3.00
Taxation
On exercise of the right to convert any Subscription Shares into
Ordinary Shares, the Ordinary Shares issued pursuant to the
Subscription Share Rights will be treated as the same asset in
respect of which the Subscription Share Rights are exercised. The
base cost of each such Ordinary Share will be the deemed base cost
of the Subscription Share that it replaces, plus the Subscription
Price. Further information relating to taxation can be found at
Part V of the prospectus dated 24 May
2012.
Capitalised terms have the meanings given to them in the
prospectus dated 24 May 2012.
If you have any enquiries regarding the procedures described
above, these should be referred, in the case of CREST sponsored
members, to their CREST sponsor and, in the case of other members
including CREST sponsors, to the Receiving Agent, at Computershare
Investor Services PLC, PO Box 859, The Pavilions, Bridgwater Road,
Bristol BS99 1XZ, telephone 0870 7036379.
Mrs A B Powley
BlackRock Investment Management (UK) Limited
Secretary