RNS Number:4678P
Eastern European Trust PLC
05 September 2003


THE EASTERN EUROPEAN TRUST PLC ("the Company")

The Net Asset Value (NAV) per ordinary share of the Company as at 31 August 2003
was as follows:

Basic NAV: US 1,813.18 cents (1,146.28 pence)


 Geographical Distribution


Detailed below is the geographical distribution of total net assets (in
descending order) as at 31 August 2003 in percentages.

                                                US$               %

Russia                                   60,876,940              43

Hungary                                  24,524,255              17

Poland                                   22,219,173              16

Central Asia                             13,902,470              10

Croatia                                   6,696,896               5

Czech Republic                            3,375,554               2

Ukraine                                   3,079,853               2

Romania                                   2,021,406               1

Austria                                   2,013,983               1

Estonia                                   1,718,618               1

Slovenia                                    719,866               1

Slovakia                                          0               0

Lithuania                                         0               0

Bulgaria                                          0               0

Cash and fixed interest      1,949,980                            0

Bank Overdrafts                      0                            0

                           -----------
Net Cash                                  1,949,980               1
                                        ------------      ----------

                                        143,098,994           100.0

                                         ===========      ==========

5 SEPTEMBER 2003


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                      This information is provided by RNS
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