Transaction in Own Shares

European Assets Trust NV
31 December 2007

PURCHASE OF OWN SHARES

On 31 December 2007, European Assets Trust NV bought 290,000 of its Ordinary
Shares to be held in treasury at a price of £8.92 per share.

The Company's issued ordinary share capital consists of 24,937,280 with voting
rights, of which 1,310,000 are held in treasury since commencement of its
liquidity enhancement policy with 6,436,289 held in treasury prior to this.

Therefore, the total number of shares with voting rights in European Assets
Trust NV is 17,190,991.

The above figure (17,190,991) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, European Assets Trust NV 
under the FSA's Disclosure and Transparency Rules.

Michael Campbell
for F&C Investment Business Limited
Managers

Enquiries: 0207 628 8000





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