Investment Policy

European Assets Trust NV
31 October 2003





To:            RNS

From:          European Assets Trust plc

Date:          31 October 2003



Miscellaneous - Investment Policy

Following recent changes to the UK Listing Rules, the Company confirms that it
has a policy to invest no more than 15 per cent of gross assets in other listed
investment companies.

For further information contact:

Crispin Longden, Fund Manager 0131 465 1000

Michael Campbell, Company Secretary 0131 465 1000




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