THE EASTERN EUROPEAN TRUST PLC - Issue of Equity

The Eastern European Trust PLC

Conversion of Subscription Shares

The Board of The Eastern European Trust PLC announces that today it issued, subject to listing, 4,954 ordinary shares following the exercise of Subscription Share Rights by 7 holders of Subscription Shares. The Ordinary Shares will rank pari passu with the existing Ordinary Shares.

It is expected that admission to the Official List and commencement of dealings in the Ordinary Shares on the London Stock Exchange will take place at 8.00 a.m. on 9 January 2013.

Following admission, there will be 42,446,545 Ordinary Shares (excluding 6,000,000 ordinary shares held in treasury).

8 January 2013

For further information, please contact:

A B Powley BlackRock Investment Management (UK) Limited - Company Secretary Telephone 0207 743 5610

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