Portfolio Holdings as at 31 March 2017

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 MARCH 2017

				% of
Rank	Company	Sector	Country	Net Assets
1	PostNL	Industrials	Netherlands	4.8
2	BNP Paribas	Financials	France	3.5
3	Sanofi	Health Care	France	3.5
4	Novartis	Health Care	Switzerland	3.4
5	Bayer	Basic Materials	Germany	3.4
6	Telefonica	Telecommunications	Spain	3.4
7	Roche*	Health Care	Switzerland	3.4
8	Ubisoft Entertainment	Consumer Goods	France	3.3
9	Total	Oil & Gas	France	3.2
10	BBVA	Financials	Spain	3.2
11	Royal Dutch Shell A	Oil & Gas	Netherlands	3.1
12	ENI	Oil & Gas	Italy	3.1
13	Airbus	Industrials	France	2.9
14	DIA	Consumer Services	Spain	2.7
15	Ryanair	Consumer Services	Ireland	2.7
16	ING	Financials	Netherlands	2.7
17	Nokia	Technology	Finland	2.7
18	DNB	Financials	Norway	2.6
19	Commerzbank	Financials	Germany	2.6
20	Ahold Delhaize	Consumer Services	Netherlands	2.5
21	Leoni	Industrials	Germany	2.5
22	Petroleum Geo-Services	Oil & Gas	Norway	2.5
23	Outotec	Industrials	Finland	2.4
24	Adecco	Industrials	Switzerland	2.4
25	Delta Lloyd	Financials	Netherlands	2.4
26	E.ON	Utilities	Germany	2.4
27	Telecom Italia	Telecommunications	Italy	2.4
28	Michelin	Consumer Goods	France	2.4
29	BB Biotech	Health Care	Switzerland	2.3
30	Danske Bank	Financials	Denmark	2.2
31	Gemalto	Technology	Netherlands	2.2
32	Stora Enso	Basic Materials	Finland	2.0
33	Siemens	Industrials	Germany	2.0
34	SKF	Industrials	Sweden	2.0
35	Rocket Internet	Financials	Germany	1.8
36	Ipsos	Consumer Services	France	1.8
37	TDC	Telecommunications	Denmark	1.7
38	Piaggio	Consumer Goods	Italy	1.5
	Total equity investments			101.6
	Cash and other net liabilities			(1.6)
	Net assets			100.0
	* The investment is in non-voting shares

GEOGRAPHICAL DISTRIBUTION

31 March 2017	% of Net Assets
France	20.6
Netherlands	17.7
Germany	14.7
Switzerland	11.5
Spain	9.3
Finland	7.1
Italy	7.0
Norway	5.1
Denmark	3.9
Ireland	2.7
Sweden	2.0
Cash and other net liabilities	(1.6)
	100.0

SECTOR DISTRIBUTION

31 March 2017	% of Net Assets
Financials	21.0
Industrials	19.0
Health Care	12.6
Oil & Gas	11.9
Consumer Services	9.7
Telecommunications	7.5
Consumer Goods	7.2
Basic Materials	5.4
Technology	4.9
Utilities	2.4
Cash and other net liabilities	(1.6)
	100.0

As at 31 March 2017, the net assets of the Company were £406,290,000.

18 April 2017

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