EGM re Future Structure and Management Called

European Assets Trust NV
24 January 2000


            European Assets Trust NV ('EAT')
            --------------------------------

The Supervisory and Management Boards of EAT announce
that they have received letters from five shareholders
holding 26.98% of the issued share capital which seek to
requisition an Extraordinary General Meeting of the
company.  The Boards have referred these letters to their
Dutch legal advisers to confirm their validity.

The purpose of the letters is to put before shareholders
a number of resolutions relating to the future structure
and management of the company, including proposals that
shareholders should be given the opportunity to realise
the value of all or a proportion of their shareholdings
and that there should be an independent review of the
investment management record of the company.

The other resolutions contain a number of proposals which
have either already been implemented or which already
represent company policy and which have been the subject
of announcements and letters to shareholders from the
Boards.

The Supervisory Board will consider the letters at its
regular meeting convened for 28 January 2000 and will
communicate with all shareholders thereafter.

Enquiries:

Professor John Ward
Chairman                           020 7568 2140

Howard Myles
Warburg Dillon Read                020 7568 2140