Portfolio Holding as at 30 June 2019

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 30 JUNE 2019

				% of
Rank	Company	Sector	Country	Net Assets
1	Roche *	Health Care	Switzerland		4.2
2	Sanofi	Health Care	France		3.9
3	Royal Dutch Shell **	Oil & Gas	Netherlands		3.6
4	Telefonica	Telecommunications	Spain		3.4
5	Cyfrowy Polsat	Consumer Services	Poland		3.3
6	Novartis	Health Care	Switzerland		3.3
7	Deutsche Post	Industrials	Germany		3.3
8	Adecco	Industrials	Switzerland		3.2
9	Sopra Steria	Technology	France		3.1
10	Nokia	Technology	Finland		3.0
11	ING	Financials	Netherlands		3.0
12	Orange	Telecommunications	France		3.0
13	Michelin	Consumer Goods	France		2.9
14	Total	Oil & Gas	France		2.9
15	ENI	Oil & Gas	Italy		2.9
16	Gerresheimer	Health Care	Germany		2.9
17	ISS	Industrials	Denmark		2.8
18	Stora Enso	Basic Materials	Finland		2.7
19	Indra Sistemas	Technology	Spain		2.7
20	Siemens	Industrials	Germany		2.6
21	Ipsos	Consumer Services	France		2.5
22	E.ON	Utilities	Germany		2.5
23	BBVA	Financials	Spain		2.5
24	Getinge	Health Care	Sweden		2.5
25	BNP Paribas	Financials	France		2.5
26	Rocket Internet	Financials	Germany		2.4
27	Mediobanca	Financials	Italy		2.3
28	Commerzbank	Financials	Germany		2.2
29	Valeo	Consumer Goods	France		2.2
30	Ryanair	Consumer Services	Ireland		2.2
31	Bayer	Health Care	Germany		2.2
32	Glanbia	Consumer Goods	Ireland		1.9
33	Ahold Delhaize	Consumer Services	Netherlands		1.9
34	PostNL	Industrials	Netherlands		1.8
35	Outotec	Industrials	Finland		1.6
36	Ontex	Consumer Goods	Belgium		1.5
37	Petroleum Geo-Services	Oil & Gas	Norway		1.0
38	Leoni	Industrials	Germany		0.9
	Total equity investments			99.3
	Cash and other net assets			0.7
	Net assets			100.0
	* The investment is in non-voting shares ** The investment is in A shares

GEOGRAPHICAL DISTRIBUTION

30 June 2019	% of Net Assets
France	23.0
Germany	19.0
Southern Europe	13.8
Scandinavia	13.6
Benelux	11.8
Switzerland	10.7
Ireland	4.1
Poland	3.3
Cash and other net assets	0.7
	100.0

Southern Europe (Italy, Spain)

Scandinavia (Denmark, Finland, Norway, Sweden)

Benelux (Belgium, Netherlands)

SECTOR DISTRIBUTION

30 June 2019	% of Net Assets
Health Care	19.0
Industrials	16.2
Financials	14.9
Oil & Gas	10.4
Consumer Services	9.9
Technology	8.8
Consumer Goods	8.5
Telecommunications	6.4
Basic Materials	2.7
Utilities	2.5
Cash and other net assets	0.7
	100.0

As at 30 June 2019, the net assets of the Company were £377,771,000.

15 July 2019

Legal Entity Identifier: 213800QNN9EHZ4SC1R12

Enquiries:

Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: [phone]

The Company’s registered office address is:
Beaufort House
51 New North Road
Exeter
EX4 4EP