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 13 October 2011 was 594.38p including estimated 
current period revenue and 577.55p excluding current period revenue.                                                        
                                                                               
This is based on 42,400,748 Ordinary Shares, being the number of shares in     
issue and circulation.