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TR European Growth (TRG)

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Tuesday 24 May, 2005

TR European Growth

Holding(s) in Company

TR European Growth Trust PLC
24 May 2005

                                  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                                             2,600,463

THE CARROUSEL FUND II LIMITED                                          1,253,094

TOTAL                                                                  3,853,557



5. Number of shares / amount of stock acquired

-



6. Percentage of issued class

-



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

NOT NOTIFIED



11. Date company informed

24 MAY 2005



12. Total holding following this notification

3,853,557



13. Total percentage holding of issued class following this notification

THE CARROUSEL FUND LIMITED                                                 2.59%

THE CARROUSEL FUND II LIMITED                                              1.25%

TOTAL                                                                      3.84%



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

24 MAY 2005

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damages for loss of business or loss of profits) arising in contract, tort or
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