Portfolio Update

Summary by AI ^BETAClose X

As of September 30, 2025, European Opportunities Trust PLC reported total net assets of £472,333,042 and total assets, including drawdown bank debt, of £527,333,042. The top holding is Dassault Systemes SE at 6.8% of total assets (including drawn down bank debt), followed by Novo Nordisk A/S-B at 6.5% and Genus Plc at 6.4%. From a geographic perspective, 26.7% of total assets (including drawn down bank debt) are invested in France, 22.3% in the United Kingdom and 11.1% in Germany. The company's investments are largely in companies with a large market capitalization, representing 80.7% of total assets (including drawn down bank debt), with mid-capitalization companies accounting for 18.6%.

Disclaimer*

European Opportunities Trust PLC

14 October 2025

EUROPEAN OPPORTUNITIES TRUST PLC

Legal Entity Identifier: 549300XN7RXQWHN18849

Month end portfolio information as at 30 September 2025

Total Net Assets: £ 472,333,042

Total Assets (including drawdown bank debt): £ 527,333,042

Top Twenty Holdings

Stock	Sector	Country of Listing	% of Total Assets (Incl Drawn down bank debt)
Dassault Systemes SE	Information Technology	France	6.8
Novo Nordisk A/S-B	Health Care	Denmark	6.5
Genus Plc	Health Care	United Kingdom	6.4
Intermediate Capital Group	Financials	United Kingdom	6.1
RELX Plc	Industrials	Netherlands	6.1
Camurus AB	Health Care	Sweden	6.0
Prysmian SPA	Industrials	Italy	5.7
Experian Plc	Industrials	United Kingdom	5.6
Biomerieux	Health Care	France	5.3
Grifols SA	Health Care	Spain	5.3
Deutsche Boerse AG	Financials	Germany	4.9
Gaztransport Et Technigaz SA	Energy	France	4.7
Infineon Technologies AG	Information Technology	Germany	4.4
Ryanair Holdings ADR	Industrials	Ireland	3.6
Edenred	Financials	France	3.1
Bae System Plc	Industrials	United Kingdom	2.6
Thales SA	Industrials	France	2.2
Air Liquide SA	Materials	France	2.0
CTS Eventim Ag & Co KGAA	Communication Services	Germany	1.8
Safran SA	Industrials	France	1.7

Country of listing of investee companies

Country	% of Total assets (including drawn down bank debt)
France	26.7
United Kingdom	22.3
Germany	11.1
Denmark	8.2
Netherlands	7.5
Italy	7.0
Sweden	6.0
Spain	5.3
Ireland	3.6
Switzerland	1.7
Cash/(Gearing)	0.7

Market Capitalisation of investee companies

Market Cap	% of Total Assets (including Drawn down bank debt)
Large	80.7
Mid	18.6
Small	0.0
Cash/(Gearing)	0.7

The Company's most recent report and accounts and further information for shareholders is published on the Company's website at www.europeanopportunitiestrust.com

Enquiries:

Devon Equity Management Limited,

Company Secretaries to European Opportunities Trust PLC

Richard Pavry

020 3985 0441

enquiries@devonem.com

14 October 2025

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