RNS Number:7478Q
Eastern European Trust PLC
09 October 2003


THE EASTERN EUROPEAN TRUST PLC ("the Company")

The Company has today been notified that funds under the management of

Asset Value Investors Limited own 940,792 ordinary shares in the Company,

representing 11.92% of the issued share capital of the Company.



A breakdown of the holding is below:

Beneficial Owner                        Current Holding   % Issued Share Capital

British Empire Securities PLC           533,378           6.76
Yale University                         407,414           5.16





9 OCTOBER 2003







                                    - ENDS -








                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

HOLUKONROBRRRAA