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TR European Growth (TRG)

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Wednesday 05 January, 2005

TR European Growth

Listing Rule 21

TR European Growth Trust PLC
05 January 2005


TR EUROPEAN GROWTH TRUST PLC

HENDERSON GLOBAL INVESTORS

5 JANUARY 2005


                          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 31 December
2004:

Company
Sjaelso Gruppen
Regal Petroleum
Mobilcom
Pfleiderer
Aalberts Industries
Wienerberger
NDS Group
Azimut
Rapala VMC
Iliad

                                    - 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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