Portfolio Holdings as at 31 December 2014

THE EUROPEAN INVESTMENT TRUST PLC (the "Company")

PORTFOLIO HOLDINGS AS AT 31 DECEMBER 2014
                                                                      % of Net
Rank  Company                      Sector               Country         Assets

   1  Ryanair                      Consumer Services    Ireland            3.4
                                                                             
   2  Valeo                        Consumer Goods       France             3.2
                                                                             
   3  Novartis                     Health Care          Switzerland        3.1
                                                                             
   4  Roche                        Health Care          Switzerland        3.0
                                                                             
   5  Orange                       Telecommunications   France             3.0
                                                                             
   6  PostNL                       Industrials          Netherlands        3.0
                                                                             
   7  BNP Paribas                  Financials           France             2.9
                                                                             
   8  Volkwagen*                   Consumer Goods       Germany            2.9
                                                                             
   9  United Internet              Technology           Germany            2.8
                                                                             
  10  Royal Dutch Shell**          Oil & Gas            Netherlands        2.8
                                                                             
  11  GAM                          Financials           Switzerland        2.8
                                                                             
  12  Nutreco                      Consumer Goods       Netherlands        2.8
                                                                             
  13  Delta Lloyd                  Financials           Netherlands        2.8
                                                                             
  14  Fresenius Medical Care       Health Care          Germany            2.8
                                                                             
  15  Gerresheimer                 Health Care          Germany            2.7
                                                                             
  16  Prysmian                     Industrials          Italy              2.7
                                                                             
  17  Piaggio                      Consumer Goods       Italy              2.7
                                                                             
  18  BB Biotech                   Health Care          Switzerland        2.7
                                                                             
  19  Unipol Gruppo Finanziario    Financials           Italy              2.6
                                                                             
  20  Sanofi                       Health Care          France             2.6
                                                                             
  21  GEA                          Industrials          Germany            2.6
                                                                             
  22  Danske Bank                  Financials           Denmark            2.5
                                                                             
  23  ENI                          Oil & Gas            Italy              2.4
                                                                             
  24  Heineken                     Consumer Goods       Netherlands        2.4
                                                                             
  25  KPN                          Telecommunications   Netherlands        2.4
                                                                             
  26  SAP                          Technology           Germany            2.3
                                                                             
  27  Leoni                        Industrials          Germany            2.3
                                                                             
  28  Hexagon                      Industrials          Sweden             2.2
                                                                             
  29  ABB                          Industrials          Switzerland        2.2
                                                                             
  30  Swedbank                     Financials           Sweden             2.2
                                                                             
  31  BBVA                         Financials           Spain              2.2
                                                                             
  32  DNB                          Financials           Norway             2.2
                                                                             
  33  Aryzta                       Consumer Goods       Switzerland        2.1
                                                                             
  34  Rocket Internet              Financials           Germany            2.1
                                                                             
  35  Pirelli                      Consumer Goods       Italy              2.0
                                                                             
  36  Outotec                      Industrials          Finland            1.9
                                                                             
  37  Ipsos                        Consumer Services    France             1.9
                                                                             
  38  TDC                          Telecommunications   Denmark            1.9
                                                                             
  39  Total                        Oil & Gas            France             1.8
                                                                             
  40  Portugal Telecom             Telecommunications   Portugal           0.3

      Total equity investments                                            99.2

      Cash and net assets                                                  0.8

                                                                         100.0

* The investment is in non-voting shares
 
** The investment is in Class A ordinary shares


GEOGRAPHICAL DISTRIBUTION
 
31 December 2014          % of Net Assets

Germany                              20.5
                                         
Netherlands                          16.2
                                         
Switzerland                          15.9
                                         
France                               15.4
                                         
Italy                                12.4
                                         
Denmark                               4.4
                                         
Sweden                                4.4
                                         
Ireland                               3.4
                                         
Spain                                 2.2
                                         
Norway                                2.2
                                         
Finland                               1.9
                                         
Portugal                              0.3
                                         
Cash and other net assets             0.8
                                         
                                    100.0

SECTOR DISTRIBUTION
                                       
31 December 2014          % of Net Assets

Financials                           22.3
                                         
Consumer Goods                       18.1
                                         
Health Care                          16.9
                                         
Industrials                          16.9
                                         
Telecommunications                    7.6
                                         
Technology                            5.1
                                         
Oil & Gas                             7.0
                                         
Consumer Services                     5.3
                                         
Cash and other net assets             0.8
                                         
                                    100.0

As at 31 December 2014, the net assets of the Company were £341,236,000.


16 January 2015

Enquiries:
 
Kenneth Greig
Edinburgh Partners AIFM Limited
0131 270 3800
 
The Company's registered office address is:
 
Beaufort House
51 New North Road
Exeter
EX4 4EP