Net Asset Value(s)

The European Investment Trust plc                                              
                                                                               
Based on a bid price valuation, the unaudited net asset value per              
Ordinary Share of the Company as at 16 January 2012 was 579.95p                
including estimated current period revenue and 579.80p excluding               
current period revenue.                                                        
                                                                               
This is based on 42,312,065 Ordinary Shares, being the number of               
shares in issue and circulation.                                               
                                                                               
17 January 2012