ESTS Blackrock Sub

 
TIDMEST TIDMESTS 
 
Tender offer 
 
The Board of The Eastern European Trust PLC (the `Company') is mindful of the 
share price discount to NAV at which the Company's shares trade. During 2010 
the Board introduced a package of measures, described in a circular to 
shareholders dated 1 June 2010 (the `Circular'), aimed at reducing the 
Company's discount. The package of measures included discretionary, periodic 
tender offers. 
 
In the period since the Company's general meeting on 7 July 2010 the discount 
has averaged 8.8%. Whilst the Board is pleased to note the downward trend in 
the level of the discount, the Board wishes to announce that it will be exercising 
its discretion and offering a periodic tender for up to 7.5% of the Company's shares 
in issue (excluding treasury shares) as at the close of business on 24 January 2011 at 
a discount of 2% to Formula Asset Value (NAV less the costs of the tender offer). The 
record date for participation in the tender offer was the close of business on 24 July 2010. 
 
The Board intends to post a circular to shareholders during December 2010 
containing details of the tender offer and the procedure for tendering shares. 
 
As set out in the Circular, shareholders should place no expectation or 
reliance on the Board exercising its discretion to operate a periodic tender 
offer on any occasion in the future. 
 
Enquiries: 
 
Jonathan Ruck Keene - BlackRock Investment Management (UK) Limited 
Telephone Number: 020 7743 2178 
 
Jane Lewis - Winterflood Investment Trusts 
Telephone Number: 020 3100 0295 
 
 
 
 
END 
 

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