Transfer of Shares

European Assets Trust NV 25 January 2001 European Assets Trust has transferred 2,302 of its own ordinary shares held by itself to shareholders electing for the scrip dividend option in respect of the January 2001 dividend. Following this transfer there are 18,143,340 shares in public issue. Enquiries: Keith Hannay, Friends Ivory & Sime plc, Investment Adviser to European Assets Trust NV tel: 0131 465 1000
UK 100

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