Liquidity Options

European Assets Trust NV
12 May 2000


            European Assets Trust NV ('EAT')

The Supervisory and Management Boards of EAT have been
reviewing options for providing liquidity to
shareholders.  At a minimum,  the Boards intend to
introduce proposals designed to enable shareholders who
so wish to realise 50 per cent. of their investment at a
value based on the net asset value of the Company less
expenses and Dutch withholding tax at an effective rate
of 15%.  Such proposals would be linked to the Boards'
intention, as previously announced and subject to the
enactment of draft Dutch legislation relating to the
taxation of investment companies, to introduce a high
dividend distribution policy with a scrip dividend
alternative.

A further announcement will be made as soon as possible.


Enquiries:-

Professor John Ward, Chairman           Tel: [phone]

Howard Myles, UBS Warburg               Tel: [phone]