Dividend Declaration

European Assets Trust NV
3 December 2001


To:          Company Announcements

From:          European Assets Trust

Date:          3 December 2001


December 2001 Dividend

European Assets Trust announces that the gross dividend of Euro 0.13 for
December 2001 will be paid on 27 December 2001 to shareholders on the Register
on 14 December 2001.



Enquiries:

Michael Campbell, Friends Ivory & Sime plc               Tel: [phone]