TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES


1. Identity of the issuer or the underlying issuer                                  The European
of existing shares to which voting rights are                                       Investment Trust plc
attached:

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                         X

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the
notification obligation:                                                           Investec Wealth &
                                                                                   Investment Limited

4. Full name of shareholder(s)
 (if different from 3.):                                                           N/A

5. Date of the transaction and date on
which the threshold is crossed or                                                  18th July 2014
reached:

6. Date on which issuer notified:                                                  21st July 2014

7. Threshold(s) that is/are crossed or                                             From 13% to 12%
reached:

8. Notified details:

A: Voting rights attached to shares

Class/type      Situation previous            Resulting situation after the triggering transaction
of              to the triggering
shares          transaction

if possible     Number           Number       Number   Number of voting       % of  voting rights
using           of               of           of       rights
the ISIN        Shares           Voting       shares
CODE                             Rights
                                              Direct   Direct   Indirect      Direct     Indirect

Ordinary
Shares

GB0003295010    5,499,274        5,499,274                      5,465,674                12.99%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of        Expiration          Exercise/          Number of voting             % of voting
financial      date                Conversion Period  rights that may be           rights
instrument                                            acquired if the
                                                      instrument is
                                                      exercised/ converted.


C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of       Exercise price  Expiration   Exercise/    Number of voting rights    % of voting rights
financial                     date         Conversion   instrument refers to
instrument                                 period


                                                                                   Nominal      Delta

Total (A+B+C)

Number of voting rights                           Percentage of voting rights

5,465,674                                         12.99%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Client holdings registered in the name of Nominee companies 100% owned by
Investec Wealth & Investment Limited.

Proxy Voting:

10. Name of the proxy holder:                                          N/A

11. Number of voting rights proxy holder will cease
to hold:                                                               N/A

12. Date on which proxy holder will cease to hold
voting rights:                                                         N/A

13. Additional information:                                            N/A

14. Contact name:                                              Phil Beardwell Chartered FCSI
                                                               Senior Compliance Manager

15. Contact telephone number:                                  020 7597 1356