Recquisition of EGM by Shareholders

European Assets Trust NV
1 February 2000


The Boards of European Assets Trust announced on 24 January 2000 that they had
received letters from shareholders seeking to requisition an Extraordinary
General Meeting of the Company.  The Boards have instructed their advisers to
contact these shareholders to discuss their concerns as provided under Dutch
law, with the objective of responding to them in a way that is in the
interests of shareholders generally.

A further statement and the announcement of the results and final dividend for
the year to 31 December 1999 will be issued following the discussions referred
to above.

Enquiries       Keith Hannay, Friends Ivory & Sime plc, Investment Advisers
                Tel [phone]