Re Tender Offer Circular

European Assets Trust NV
18 September 2000




                European Assets Trust NV
                ------------------------


A Circular has been published giving details of a Tender
Offer under which the Company will offer to repurchase up
to 50% of its existing issued share capital.

The Circular also contains details of the new
distribution policy being adopted by the Company from
2001.

The Circular also discloses that it is expected that an
additional interim dividend of Euros 0.57 per share will
be paid in lieu of the final dividend for 2000.  This
will be paid only in respect of shares which have not
been tendered for repurchase and is expected to be paid
on 24 November 2000 to shareholders on the register on
10 November 2000, and the shares will be quoted ex this
dividend on 6 November 2000.






Enquiries:
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Keith Hannay, Secretary                 Tel: [phone]
1096

Howard Myles, UBS Warburg               Tel: [phone]
2140