The Boards of European Assets Trust NV announced the retirement of Mr. Neville Cook. Mr. Cook has served as a Supervisory Board director of the company since his appointment in 1982. Mr. Cook's resignation from the Supervisory Board will be effective from 31 December 2015.

Mr. Cook had announced previously his intention to retire from the Supervisory Board in the latter half of 2015 in the Annual Results Announcement of 6 March 2015. The company proposed that shareholders appoint Mr. Martin Breuer to the Supervisory Board at the forthcoming 2016 General Meeting, subject to regulatory approval. Mr. Breuer, a German national, has been Chief Financial Officer of Italian cosmetic manufacturer Intercos Group since 2011.

The directors consider that Mr. Breuer will make a valuable contribution to the work of the Supervisory Board.