Holding(s) in Company

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                                          Investec Wealth &   
notification obligation:                                                         Investment Limited   
                                                                                        
4. Full name of shareholder(s)                                                          N/A          
 (if different from 3.):                                                                
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                                 24th January 2014   
reached:                                                                                
                                                                                        
6. Date on which issuer notified:                                                 27th January 2014   
                                                                                        
7. Threshold(s) that is/are crossed or                                             From 11% to 10%    
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                                                                           
                                                                                                   
                Number           Number       Number   Number of voting       % of  voting rights     
if possible     of               of           of       rights                                         
using           Shares           Voting       shares                                                  
the ISIN                         Rights                                                               
CODE                                          Direct   Direct  Indirect        Direct    Indirect       
                                                                                                   
Ordinary                                                                                           
Shares                                                                                             
GB0003295010   4,631,142         4,631,142                     4,624,542                   10.99%         
                                                                                                    
                                                                                                    
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                      
                                                                                                   
4,624,542                                         10.99%                                           
                                                                                                   

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