Portfolio Holdings as at 30 September 2018

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 30 SEPTEMBER 2018

				% of
Rank	Company	Sector	Country	Net Assets

1	Roche *	Health Care	Switzerland		4.0
2	Sanofi	Health Care	France		3.6
3	PostNL	Industrials	Netherlands		3.4
4	Novartis	Health Care	Switzerland		3.4
5	Royal Dutch Shell **	Oil & Gas	Netherlands		3.4
6	Getinge	Health Care	Sweden		3.1
7	Total	Oil & Gas	France		3.0
8	Nokia	Technology	Finland		3.0
9	ING	Financials	Netherlands		3.0
10	ENI	Oil & Gas	Italy		2.9
11	Telefonica	Telecommunications	Spain		2.9
12	Commerzbank	Financials	Germany		2.9
13	Nordea Bank	Financials	Sweden		2.9
14	ISS	Industrials	Denmark		2.9
15	BNP Paribas	Financials	France		2.8
16	Ahold Delhaize	Consumer Services	Netherlands		2.7
17	Deutsche Post	Industrials	Germany		2.7
18	Glanbia	Consumer Goods	Ireland		2.7
19	Ryanair	Consumer Services	Ireland		2.6
20	BBVA	Financials	Spain		2.5
21	Indra Sistemas	Technology	Spain		2.5
22	Ipsos	Consumer Services	France		2.5
23	Bayer	Health Care	Germany		2.5
24	Siemens	Industrials	Germany		2.4
25	E.ON	Utilities	Germany		2.4
26	Rocket Internet	Financials	Germany		2.3
27	Danske Bank	Financials	Denmark		2.3
28	DNB	Financials	Norway		2.3
29	Adecco	Industrials	Switzerland		2.2
30	Michelin	Consumer Goods	France		2.2
31	Petroleum Geo-Services	Oil & Gas	Norway		2.1
32	Airbus	Industrials	France		2.1
33	Leoni	Industrials	Germany		2.1
34	BB Biotech	Health Care	Switzerland		2.0
35	Orange	Telecommunications	France		2.0
36	Mediobanca	Financials	Italy		2.0
37	Cyfrowy Polsat	Consumer Services	Poland		1.9
38	Outotec	Industrials	Finland		1.8
39	Ontex	Consumer Goods	Belgium		1.7
40	DIA	Consumer Services	Spain		1.0

	Total equity investments			102.7
	Cash and other net liabilities			(2.7)

	Net assets			100.0

	* The investment is in non-voting shares ** The investment is in A shares

GEOGRAPHICAL DISTRIBUTION

30 September 2018	% of Net Assets

France	18.2
Germany	17.3
Netherlands	12.5
Switzerland	11.6
Spain	8.9
Sweden	6.0
Ireland	5.3
Denmark	5.2
Italy	4.9
Finland	4.8
Norway	4.4
Poland	1.9
Belgium	1.7
Cash and other net liabilities	(2.7)
	100.0

SECTOR DISTRIBUTION

30 September 2018	% of Net Assets

Financials	23.0
Industrials	19.6
Health Care	18.6
Oil & Gas	11.4
Consumer Services	10.7
Consumer Goods	6.6
Technology	5.5
Telecommunications	4.9
Utilities	2.4
Cash and other net liabilities	(2.7)
	100.0