Transaction in Own Shares

European Assets Trust NV
21 December 2005


TO:         RNS

DATE:       21 December 2005

SUBJECT:    European Assets Trust NV


TRANSACTION IN OWN SECURITIES


European Assets Trust NV announces that on 20 December 2005 the Company
purchased for treasury 900,000 ordinary shares of euro 0.46 at a price of
713.35p each.


Following this purchase there are now 15,905,178 ordinary shares in issue.


For further information please contact:


Michael Campbell                       0044 131 465 1000


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