Holding(s) in Company

For filings with the FSA include the                                           
annex                                                                          
                                                                               
For filings with issuer exclude the                                            
annex                                                                          
                                                                               
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                
                                                                               
1. Identity of the issuer or the underlying issuer of existing shares to which
   voting rights are attached: ii   

   The European Investment 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 acquisition or disposal of instruments with similar economic effect         
to qualifying financial instruments                                            
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                                      
                                                                               
3. Full name of person(s) subject to the notification obligation: iii                                           
   Rensburg Sheppards Investment Management Limited
                                                                                                                        
4. Full name of shareholder(s)(if different from 3.):iv                  
   N/A                    
                                                      
                                                                               
5. Date of the transaction and date on which the threshold is crossed or reached: v 
   18th May 2011               
                                                                                                                                                                                                                          
6. Date on which issuer notified:                  
   19th May 2011               
                                                                               
7. Threshold(s) that is/are crossed or reached: vi, vii                                         
   6%

8. Notified details:                                                              
                                                                                  
A: Voting rights attached to shares viii, ix                                      
                                                                                  
Class/type    Situation previous    Resulting situation after the triggering       
of            to the triggering     transaction                                    
shares        transaction                                                          
                                                                                  
              Number    Number      Number    Number of voting  % of voting rights 
if possible   of        of          of shares rights            x                  
using         Shares    Voting                                                     
the ISIN                Rights      Direct    Direct  Indirect  Direct    Indirect 
CODE                                          xi      xii                          
                                                                                  
Ordinary      2,130,614 2,130,614                     2,547,009           6.01%    
Shares                                                                                                          
GB0003295010                                                                      
                                                                                  
B: Qualifying Financial Instruments                                               
                                                                                  
Resulting situation after the triggering transaction                              
                                                                                  
Type of financial Expiration Exercise/           Number of voting  % of voting    
instrument        date xiii  Conversion Period   rights that may   rights         
                             xiv                 be                               
                                                 acquired if the                  
                                                 instrument is                    
                                                 exercised/                       
                                                 converted.                       
                                                                                  
C: Financial Instruments with similar economic effect to Qualifying Financial     
Instruments xv, xvi                                                               
                                                                                  
Resulting situation after the triggering transaction                              
                                                                                  
Type of       Exercise Expiration Exercise/  Number of voting    % of voting      
financial     price    date xvii  Conversion rights instrument   rights xix, xx   
instrument                        period     refers to                            
                                  xviii                                           
                                                                                  
                                                                 Nominal    Delta 
                                                                                  
Total (A+B+C)                                                                     
                                                                                  
Number of voting rights                 Percentage of voting rights               
                                                                                  
2,547,009                               6.01%                                     

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable: xxi                 
                                                                               
 Client holdings registered in the name of Nominee companies 100% owned by      
 Rensburg Sheppards Investment Management Limited.                              
                                                                               
Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                     N/A                          
                                                                               
11. Number of voting rights proxy holder will cease to hold:     N/A                          
                                                                                                                       
12. Date on which proxy holder will cease to hold voting rights: N/A                          
                                                                                       
13. Additional information:                                                    
                                                                               
14. Contact name:                      Phil Beardwell Chartered FCSI           
                                                                               
                                       Senior Compliance Manager               
                                                                               
15. Contact telephone number:          020 7597 1356