THE EASTERN EUROPEAN TRUST PLC - Holding(s) in Company

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1). Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

The Eastern European Trust PLC

(2). Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights: (X)

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (Allotment of subscription shares by way of bonus issue.): ( )

(3). Full name of person(s) subject to the notification obligation (iii):

Derbyshire County Council

(4). Full name of shareholder(s) (if different from 3.) (iv):

The Bank of New York Mellon Nominees Limited

(5). Date of the transaction and date on which the threshold is crossed or reached (v):

15 November 2012

(6). Date on which issuer notified:

15 November 2012

(7). Threshold(s) that is/are crossed or reached (vi, vii):

From 6% to 7%

(8). Notified details:

A: Voting rights attached to shares (viii, ix)

Class/type of shares (if possible using the ISIN code): GB00B0BN1P96


Situation previous to the triggering transaction:
Number of Shares: 2,326,000
Number of Voting rights: 2,326,000

Resulting situation after the triggering transaction:
Number of shares:
Direct:
Number of voting rights:
Direct (xi):
Indirect (xii): 2,696,000

% of voting rights (x):
Direct:
Indirect: 6.33%

B. Qualifying Financial Instruments

Resulting situation after the triggering transaction:

Type of financial instrument: Subscription Shares

Expiration date (xiii): 1 July 2013

Exercise/Conversion Period (xiv): 2 January 2013, 1 April 2013, 1 July 2013

Number of voting rights that may be acquired if the instrument is exercised/ converted: 465,200


% of voting rights: 1.09%

Total (A + B):

Number of voting rights: 3,161,200

% of voting rights: 7.43%

(9). Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xxi):

Proxy Voting:

(10). Name of the proxy holder:

(11). Number of voting rights proxy holder will cease to hold:

(12). Date on which proxy holder will cease to hold voting rights:

(13). Additional information:

(14). Contact name:

Mrs A B Powley
For BlackRock Investment Management (UK) Limited
Secretary

(15). Contact telephone number:

020 7743 5610

15 November 2012

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