Dividend Declaration

European Assets Trust NV
06 January 2005


To:      RNS


From:  European Assets Trust NV



Date:   6 January 2005



Dividend Announcement


•   6 per cent yield level on net asset value for annual distributions to
    shareholders

•   Three dividends to be paid in year, each of Euro 0.175 per share


The Board is pleased to announce the dividends expected to be paid by the
Company in respect of the year to 31 December 2005.  In accordance with the
Company's policy the annual dividend will be equivalent to 6 per cent of the net
asset value of the Company at the end of the preceding year.  For 2005 this will
equate to a total dividend of Euro 0.525 per share (2004: Euro 0.465 per share).
The dividend will be paid in three equal instalments of Euro 0.175 per share at
the end of January, May and August 2005.

The January dividend payment of Euro 0.175 will be paid on 26 January 2005 to
shareholders on the register on 14 January 2005, having an ex-dividend date of
12 January 2005.  Dutch withholding tax does not apply to this January dividend
payment.



For further information contact:


Crispin Longden (Investment Manager)                   Tel [phone]
Michael Campbell (Company Secretary)                   Tel [phone]
F&C Asset Management plc, Edinburgh


Wilbert van Twuijver (Managing Director)
FCA Management BV, Rotterdam                            Tel [phone]








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