Portfolio Holdings as at 31 October 2017

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 OCTOBER 2017

				% of
Rank	Company	Sector	Country	Net Assets
1	PostNL	Industrials	Netherlands		3.8
2	Bayer	Basic Materials	Germany		3.4
3	Novartis	Health Care	Switzerland		3.3
4	Royal Dutch Shell *	Oil & Gas	Netherlands		3.3
5	BBVA	Financials	Spain		3.2
6	Sanofi	Health Care	France		3.2
7	Total	Oil & Gas	France		3.1
8	Commerzbank	Financials	Germany		3.1
9	ENI	Oil & Gas	Italy		3.1
10	BNP Paribas	Financials	France		3.0
11	Telefonica	Telecommunications	Spain		3.0
12	ING	Financials	Netherlands		2.9
13	BB Biotech	Health Care	Switzerland		2.8
14	Leoni	Industrials	Germany		2.8
15	Nordea Bank	Financials	Sweden		2.7
16	Roche **	Health Care	Switzerland		2.7
17	Airbus	Industrials	France		2.6
18	E.ON	Utilities	Germany		2.6
19	Ryanair	Consumer Services	Ireland		2.5
20	Michelin	Consumer Goods	France		2.5
21	Deutsche Post	Industrials	Germany		2.5
22	Nokia	Technology	Finland		2.5
23	DNB	Financials	Norway		2.5
24	TDC	Telecommunications	Denmark		2.4
25	Rocket Internet	Financials	Germany		2.4
26	Adecco	Industrials	Switzerland		2.4
27	Ipsos	Consumer Services	France		2.4
28	Telecom Italia	Telecommunications	Italy		2.3
29	Outotec	Industrials	Finland		2.3
30	Ubisoft Entertainment	Consumer Goods	France		2.3
31	Danske Bank	Financials	Denmark		2.2
32	Ahold Delhaize	Consumer Services	Netherlands		2.1
33	Ontex	Consumer Goods	Belgium		2.1
34	Mediobanca	Financials	Italy		2.1
35	DIA	Consumer Services	Spain		2.0
36	Siemens	Industrials	Germany		1.8
37	Petroleum Geo-Services	Oil & Gas	Norway		1.6
38	Gemalto	Technology	Netherlands		1.4
	Total equity investments			98.9
	Cash and other net assets			1.1
	Net assets			100.0
	* The investment is in A shares ** The investment is in non-voting shares

GEOGRAPHICAL DISTRIBUTION

31 October 2017	% of Net Assets
France	19.1
Germany	18.6
Netherlands	13.5
Switzerland	11.2
Spain	8.2
Italy	7.5
Finland	4.8
Denmark	4.6
Norway	4.1
Sweden	2.7
Ireland	2.5
Belgium	2.1
Cash and other net assets	1.1
	100.0

SECTOR DISTRIBUTION

31 October 2017	% of Net Assets
Financials	24.1
Industrials	18.2
Health Care	12.0
Oil & Gas	11.1
Consumer Services	9.0
Telecommunications	7.7
Consumer Goods	6.9
Technology	3.9
Basic Materials	3.4
Utilities	2.6
Cash and other net assets	1.1
	100.0

As at 31 October 2017, the net assets of the Company were £433,961,000.

17 November 2017

LEI: 213800QNN9EHZ4SC1R12

Enquiries:

Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: [phone]

The Company’s registered office address is:

Beaufort House
51 New North Road
Exeter
EX4 4EP