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TR European Growth (TRG)

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Thursday 08 July, 2004

TR European Growth

Holding(s) in Company

TR European Growth Trust PLC
08 July 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
TR EUROPEAN GROWTH TRUST PLC



2. Name of shareholder having a major interest
CARROUSEL CAPITAL LIMITED



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


AS 2 ABOVE



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

THE CARROUSEL FUND LIMITED                              14,561,775

THE CARROUSEL FUND II LIMITED                            7,155,000

TOTAL                                                   21,716,775



5. Number of shares / amount of stock acquired
542,200



6. Percentage of issued class
0.36%



7. Number of shares / amount of stock disposed
-



 8. Percentage of issued class
-



9. Class of security
ORDINARY SHARES OF 12.5P EACH



10. Date of transaction
6 JULY 2004



 11. Date company informed
8 JULY 2004



12. Total holding following this notification
21,716,775



13. Total percentage holding of issued class following this notification

THE CARROUSEL FUND LIMITED                                    9.60%

THE CARROUSEL FUND II LIMITED                                 4.72%

TOTAL                                                        14.32%



14. Any additional information
-



15. Name of contact and telephone number for queries
JOHN ELLMAN-BROWN 020 7818 6816



16. Name and signature of authorised company official responsible for making
this notification
JOHN ELLMAN-BROWN, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED



Date of notification
8 JULY 2004

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