Portfolio Holdings as at 31 May 2017

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 MAY 2017

				% of
Rank	Company	Sector	Country	Net Assets
1	PostNL	Industrials	Netherlands		4.5
2	Bayer	Basic Materials	Germany		3.6
3	Sanofi	Health Care	France		3.5
4	Novartis	Health Care	Switzerland		3.4
5	BNP Paribas	Financials	France		3.4
6	Roche*	Health Care	Switzerland		3.3
7	Ryanair	Consumer Services	Ireland		3.2
8	BBVA	Financials	Spain		3.1
9	Total	Oil & Gas	France		3.1
10	Telefonica	Telecommunications	Spain		3.1
11	Royal Dutch Shell **	Oil & Gas	Netherlands		3.0
12	Nokia	Technology	Finland		2.9
13	Airbus	Industrials	France		2.8
14	ING	Financials	Netherlands		2.7
15	Commerzbank	Financials	Germany		2.7
16	ENI	Oil & Gas	Italy		2.7
17	DIA	Consumer Services	Spain		2.6
18	Ubisoft Entertainment	Consumer Goods	France		2.6
19	BB Biotech	Health Care	Switzerland		2.6
20	DNB	Financials	Norway		2.6
21	Nordea Bank	Financials	Sweden		2.5
22	E.ON	Utilities	Germany		2.4
23	Leoni	Industrials	Germany		2.4
24	Ahold Delhaize	Consumer Services	Netherlands		2.3
25	Adecco	Industrials	Switzerland		2.3
26	Rocket Internet	Financials	Germany		2.3
27	Telecom Italia	Telecommunications	Italy		2.3
28	Danske Bank	Financials	Denmark		2.2
29	Michelin	Consumer Goods	France		2.2
30	Petroleum Geo-Services	Oil & Gas	Norway		2.2
31	Gemalto	Technology	Netherlands		2.1
32	Ipsos	Consumer Services	France		2.0
33	Outotec	Industrials	Finland		2.0
34	Stora Enso	Basic Materials	Finland		1.9
35	Siemens	Industrials	Germany		1.9
36	TDC	Telecommunications	Denmark		1.8
37	Piaggio	Consumer Goods	Italy		1.5
	Total equity investments			97.7
	Cash and other net assets			2.3
	Net assets			100.0
	* The investment is in non-voting shares ** The investment is in A shares

GEOGRAPHICAL DISTRIBUTION

31 May 2017	% of Net Assets
France	19.6
Germany	15.3
Netherlands	14.6
Switzerland	11.6
Spain	8.8
Finland	6.8
Italy	6.5
Norway	4.8
Denmark	4.0
Ireland	3.2
Sweden	2.5
Cash and other net assets	2.3
	100.0

SECTOR DISTRIBUTION

31 May 2017	% of Net Assets
Financials	21.5
Industrials	15.9
Health Care	12.8
Oil & Gas	11.0
Consumer Services	10.1
Telecommunications	7.2
Consumer Goods	6.3
Basic Materials	5.5
Technology	5.0
Utilities	2.4
Cash and other net assets	2.3
	100.0

As at 31 May 2017, the net assets of the Company were £432,888,000.

14 June 2017

Enquiries:

Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: [phone]

The Company’s registered office address is:

Beaufort House
51 New North Road
Exeter
EX4 4EP