Portfolio Holdings as at 31 May 2018

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 MAY 2018

				% of
Rank	Company	Sector	Country	Net Assets
1	Total	Oil & Gas	France		3.5
2	ENI	Oil & Gas	Italy		3.4
3	Roche *	Health Care	Switzerland		3.4
4	Royal Dutch Shell **	Oil & Gas	Netherlands		3.2
5	PostNL	Industrials	Netherlands		3.2
6	Bayer	Health Care	Germany		3.1
7	Telefonica	Telecommunications	Spain		3.1
8	Nokia	Technology	Finland		2.9
9	ING	Financials	Netherlands		2.9
10	Ryanair	Consumer Services	Ireland		2.8
11	Novartis	Health Care	Switzerland		2.8
12	Glanbia	Consumer Goods	Ireland		2.7
13	Sanofi	Health Care	France		2.7
14	ISS	Industrials	Denmark		2.7
15	Ahold Delhaize	Consumer Services	Netherlands		2.6
16	Ontex	Consumer Goods	Belgium		2.6
17	Leoni	Industrials	Germany		2.6
18	BBVA	Financials	Spain		2.6
19	Danske Bank	Financials	Denmark		2.5
20	Petroleum Geo-Services	Oil & Gas	Norway		2.5
21	Getinge	Health Care	Sweden		2.5
22	Deutsche Post	Industrials	Germany		2.4
23	Nordea Bank	Financials	Sweden		2.4
24	BB Biotech	Health Care	Switzerland		2.4
25	Siemens	Industrials	Germany		2.4
26	E.ON	Utilities	Germany		2.4
27	Rocket Internet	Financials	Germany		2.4
28	DNB	Financials	Norway		2.3
29	Airbus	Industrials	France		2.3
30	Michelin	Consumer Goods	France		2.3
31	Adecco	Industrials	Switzerland		2.2
32	Ipsos	Consumer Services	France		2.2
33	Commerzbank	Financials	Germany		2.1
34	BNP Paribas	Financials	France		2.1
35	Orange	Telecommunications	France		2.1
36	Cyfrowy Polsat	Consumer Services	Poland		2.1
37	Outotec	Industrials	Finland		2.0
38	Mediobanca	Financials	Italy		1.8
39	DIA	Consumer Services	Spain		1.4
	Total equity investments			99.6
	Cash and other net assets			0.4
	Net assets			100.0
	* The investment is in non-voting shares ** The investment is in A Shares

GEOGRAPHICAL DISTRIBUTION

31 May 2018	% of Net Assets
Germany	17.4
France	17.2
Netherlands	11.9
Switzerland	10.8
Spain	7.1
Ireland	5.5
Italy	5.2
Denmark	5.2
Finland	4.9
Sweden	4.9
Norway	4.8
Belgium	2.6
Poland	2.1
Cash and other net assets	0.4
	100.0

SECTOR DISTRIBUTION

31 May 2018	% of Net Assets
Financials	21.1
Industrials	19.8
Health Care	16.9
Oil & Gas	12.6
Consumer Services	11.1
Consumer Goods	7.6
Telecommunications	5.2
Technology	2.9
Utilities	2.4
Cash and other net assets	0.4
	100.0

As at 31 May 2018, the net assets of the Company were £424,638,000.

15 June 2018

Legal Entity Identifier: 213800QNN9EHZ4SC1R12

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