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 20 January 2012 was 597.93p                
including estimated current period revenue and 597.83p excluding               
current period revenue.                                                        
                                                                               
This is based on 42,270,065 Ordinary Shares, being the number of               
shares in issue and circulation.                                               
                                                                               
23 January 2012