BGL Bullabulling

RNS Number:6040U
Beta Global Emerging Mkts Inv Tst
23 November 2000

TO COMPANY ANNOUNCEMENTS OFFICE

RE : BETA GLOBAL EMERGING MARKETS INVESTMENT TRUST PLC

DEAR SIRS,

WE HAVE RECEIVED A NOTIFICATION BY POST FROM DEUTSCHE BANK AG LONDON
ON THURSDAY, 23 NOVEMBER 2000 AS FOLLOWS :

FURTHER TO OUR LETTER OF 14 NOVEMBER 2000, AND IN ACCORDANCE WITH
SECTION 198-202 OF THE UK COMPANIES ACT 1985, WE ARE WRITING ON
BEHALF OF DEUTSCHE BANK AG TO INFORM YOU THAT ON THE BASIS THAT THE
RELEVANT ISSUED SHARE CAPITAL OF YOUR COMPANY IS 55,946,543 ORDINARY
SHARES, DEUTSCHE BANK AG LONDON HAVE A NOTIFIABLE INTEREST IN
2,300,000 ORDINARY SHARES OF BETA GLOBAL EMERGING MARKETS INVESTMENT
TRUST PLC, AMOUNTING TO 4.11%.  PART OF THIS HOLDING MAY RELATE TO
HEDGING ARRANGEMENTS FOR CUSTOMER TRANSACTIONS.

DEUTSCHE BANK AG IS A CORPORATION DOMICILED IN FRANKFURT, GERMANY.

IF YOU REQUIRE ANY FURTHER INFORMATION CONCERNING THIS NOTIFICATION,
PLEASE CONTACT CHERYL SLATER OR DAVID LINDSAY IN THE COMPLIANCE
DEPARTMENT OF DEUTSCHE BANK AG LONDON.

YOURS FAITHFULLY,

CARMEN HAKHAM
COMPANY SECRETARY

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