SAR - Deutsche Latin American Companies Trust

FORM SAR 3 Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. A copy must also be sent to the company the shares of which are acquired. Date of disclosure 2nd April 2003 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") Date of acquisition 28th March 2003 Acquisition in (name of company) Deutsche Latin American Companies Trust 1. Class of voting shares (eg ordinary shares) 25p Ordinary Shares Number of shares/rights over shares acquired 500,000 Shares Rights If rights over shares acquired, as opposed to the shares themselves, specify nature of rights 2. Resultant total holding of voting shares (and % of total voting shares in issue) 7,600,000 15.90 % Resultant total holding of rights over shares (and % of total voting shares in issue) % Total percentage 15.90 % 3. Party making disclosure Advance Developing Markets Trust plc 4. (a) Name of person acquiring shares or rights over shares Advance Developing Markets Trust plc and, if different, beneficial owner (b) Names of any other persons acting by agreement or understanding (see SAR 5) Signed, for and on behalf of the party named in (3) above (Also print name of signatory) Mr J L Luetchford Telephone and extension number 0207 490 4355 Note. Under SAR 5, the holdings of and acquisitions by persons acting by agreement or understanding must be aggregated and treated as a holding of or acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate holdings to disclose certain disposals. For full details of the SARs disclosure requirements, see Rules 3 and 5 of the SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring Section. Tel. No: 020 7638 0129. Email:monitoring@disclosure.org.uk ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/02/20030402BIT01050/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/02/20030402BIT01050/wkr0002.pdf