THE EUROPEAN INVESTMENT TRUST PLC

    PORTFOLIO HOLDINGS AS AT 31 MAY 2017

                                                                                     % of
                                                                                         
    Rank        Company                    Sector             Country          Net Assets
                                                                                         
    1           PostNL                     Industrials        Netherlands             4.5
                                                                                         
    2           Bayer                      Basic Materials    Germany                 3.6
                                                                                         
    3           Sanofi                     Health Care        France                  3.5
                                                                                         
    4           Novartis                   Health Care        Switzerland             3.4
                                                                                         
    5           BNP Paribas                Financials         France                  3.4
                                                                                         
    6           Roche*                     Health Care        Switzerland             3.3
                                                                                         
    7           Ryanair                    Consumer Services  Ireland                 3.2
                                                                                         
    8           BBVA                       Financials         Spain                   3.1
                                                                                         
    9           Total                      Oil & Gas          France                  3.1
                                                                                         
    10          Telefonica                 Telecommunications Spain                   3.1
                                                                                         
    11          Royal Dutch Shell **       Oil & Gas          Netherlands             3.0
                                                                                         
    12          Nokia                      Technology         Finland                 2.9
                                                                                         
    13          Airbus                     Industrials        France                  2.8
                                                                                         
    14          ING                        Financials         Netherlands             2.7
                                                                                         
    15          Commerzbank                Financials         Germany                 2.7
                                                                                         
    16          ENI                        Oil & Gas          Italy                   2.7
                                                                                         
    17          DIA                        Consumer Services  Spain                   2.6
                                                                                         
    18          Ubisoft Entertainment      Consumer Goods     France                  2.6
                                                                                         
    19          BB Biotech                 Health Care        Switzerland             2.6
                                                                                         
    20          DNB                        Financials         Norway                  2.6
                                                                                         
    21          Nordea Bank                Financials         Sweden                  2.5
                                                                                         
    22          E.ON                       Utilities          Germany                 2.4
                                                                                         
    23          Leoni                      Industrials        Germany                 2.4
                                                                                         
    24          Ahold Delhaize             Consumer Services  Netherlands             2.3
                                                                                         
    25          Adecco                     Industrials        Switzerland             2.3
                                                                                         
    26          Rocket Internet            Financials         Germany                 2.3
                                                                                         
    27          Telecom Italia             Telecommunications Italy                   2.3
                                                                                         
    28          Danske Bank                Financials         Denmark                 2.2
                                                                                         
    29          Michelin                   Consumer Goods     France                  2.2
                                                                                         
    30          Petroleum Geo-Services     Oil & Gas          Norway                  2.2
                                                                                         
    31          Gemalto                    Technology         Netherlands             2.1
                                                                                         
    32          Ipsos                      Consumer Services  France                  2.0
                                                                                         
    33          Outotec                    Industrials        Finland                 2.0
                                                                                         
    34          Stora Enso                 Basic Materials    Finland                 1.9
                                                                                         
    35          Siemens                    Industrials        Germany                 1.9
                                                                                         
    36          TDC                        Telecommunications Denmark                 1.8
                                                                                         
    37          Piaggio                    Consumer Goods     Italy                   1.5
                                                                                         
                Total equity investments                                             97.7
                                                                                         
                Cash and other net assets                                             2.3
                                                                                         
                Net assets                                                               
                                                                                    100.0
                                                                                         
                * The investment is in non-voting shares                                 
                ** The investment is in A shares                                         
                                                                                         

    GEOGRAPHICAL DISTRIBUTION

    31 May 2017               % of Net Assets
                                             
    France                               19.6
                                             
    Germany                              15.3
                                             
    Netherlands                          14.6
                                             
    Switzerland                          11.6
                                             
    Spain                                 8.8
                                             
    Finland                               6.8
                                             
    Italy                                 6.5
                                             
    Norway                                4.8
                                             
    Denmark                               4.0
                                             
    Ireland                               3.2
                                             
    Sweden                                2.5
                                             
    Cash and other net assets             2.3
                                             
                                        100.0

    SECTOR DISTRIBUTION

    31 May 2017               % of Net Assets
                                             
    Financials                           21.5
                                             
    Industrials                          15.9
                                             
    Health Care                          12.8
                                             
    Oil & Gas                            11.0
                                             
    Consumer Services                    10.1
                                             
    Telecommunications                    7.2
                                             
    Consumer Goods                        6.3
                                             
    Basic Materials                       5.5
                                             
    Technology                            5.0
                                             
    Utilities                             2.4
                                             
    Cash and other net assets             2.3
                                             
                                        100.0

    As at 31 May 2017, the net assets of the Company were £432,888,000.

    14 June 2017

    Enquiries:

    Kenneth Greig
    Edinburgh Partners AIFM Limited
    Tel: 0131 270 3800

    The Company's registered office address is:

    Beaufort House
    51 New North Road
    Exeter
    EX4 4EP