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TR European Growth (TRG)

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Monday 04 October, 2004

TR European Growth

Listing Rule 21

TR European Growth Trust PLC
04 October 2004


TR EUROPEAN GROWTH TRUST PLC

HENDERSON GLOBAL INVESTORS

4 OCTOBER 2004




                          TR EUROPEAN GROWTH TRUST PLC

                                Listing Rule 21


In accordance with paragraph 21.20 (l) (ii) of the Listing Rules, TR European
Growth Trust plc announces its ten largest investments, including all
investments with a value greater than 5% of its gross assets, as at 30 September
2004:

Company

Sjaelso Gruppen
Regal Petroleum
BrainLAB
Aalberts Industries
NDS Group
Wienerberger
Mobilcom
Rapala VMC
Scania
Song Networks Holding



                                    - ENDS -


For further information, please call:

Stephen Peak
TR European Growth Trust plc
Telephone: 020 7818 4334

Stephen Westwood
Head of Investment Trusts
Henderson Global Investors
Telephone: 020 7818 5517



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