Portfolio Holdings as at 30 June 2016

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 30 JUNE 2016

Rank	Company	Sector	Country	% of Net Assets

1	PostNL	Industrials	Netherlands	4.9
2	Royal Dutch Shell A	Oil & Gas	Netherlands	4.5
3	Roche*	Health Care	Switzerland	4.1
4	Total	Oil & Gas	France	3.9
5	ENI	Oil & Gas	Italy	3.9
6	Sanofi	Health Care	France	3.8
7	DIA	Consumer Services	Spain	3.8
8	Ubisoft Entertainment	Consumer Goods	France	3.8
9	Novartis	Health Care	Switzerland	3.6
10	E.ON	Utilities	Germany	3.6
11	Nokia	Technology	Finland	3.4
12	BNP Paribas	Financials	France	3.3
13	Stora Enso	Basic Materials	Finland	3.2
14	Bayer	Basic Materials	Germany	3.0
15	Swedbank A	Financials	Sweden	2.9
16	Ipsos	Consumer Services	France	2.8
17	BBVA	Financials	Spain	2.7
18	DNB	Financials	Norway	2.7
19	GAM	Financials	Switzerland	2.7
20	Ryanair	Consumer Services	Ireland	2.6
21	Rocket Internet	Financials	Germany	2.5
22	Leoni	Industrials	Germany	2.5
23	Prysmian	Industrials	Italy	2.4
24	Outotec	Industrials	Finland	2.3
25	TDC	Telecommunications	Denmark	2.3
26	ABB	Industrials	Switzerland	2.2
27	Adecco	Industrials	Switzerland	2.2
28	Telecom Italia	Telecommunications	Italy	2.2
29	Commerzbank	Financials	Germany	2.2
30	Hexagon B	Technology	Sweden	2.1
31	SAP	Technology	Germany	2.1
32	Petroleum Geo-Services	Oil & Gas	Norway	1.8
33	Delta Lloyd	Financials	Netherlands	1.8
34	Piaggio	Consumer Goods	Italy	1.6
35	Unipol	Financials	Italy	1.5
36	Valeo	Consumer Goods	France	1.3

	Total equity investments			102.2
	Cash and other net liabilities			(2.2)

	Net assets			100.0


	* The investment is in non-voting shares

GEOGRAPHICAL DISTRIBUTION

30 June 2016	% of Net Assets

France	18.9
Germany	15.9
Switzerland	14.8
Italy	11.6
Netherlands	11.2
Finland	8.9
Spain	6.5
Sweden	5.0
Norway	4.5
Ireland	2.6
Denmark	2.3
Cash and other net liabilities	(2.2)
	100.0

SECTOR DISTRIBUTION

30 June 2016	% of Net Assets

Financials	22.3
Industrials	16.5
Oil & Gas	14.1
Health Care	11.5
Consumer Services	9.2
Technology	7.6
Consumer Goods	6.7
Basic Materials	6.2
Telecommunications	4.5
Utilities	3.6
Cash and other net liabilities	(2.2)
	100.0