Portfolio Holdings as at 31 May 2019

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 MAY 2019

				% of
Rank	Company	Sector	Country	Net Assets
1	Roche *	Health Care	Switzerland		4.2
2	Sanofi	Health Care	France		3.9
3	Royal Dutch Shell **	Oil & Gas	Netherlands		3.7
4	Telefonica	Telecommunications	Spain		3.5
5	Novartis	Health Care	Switzerland		3.3
6	Getinge	Health Care	Sweden		3.2
7	Nokia	Technology	Finland		3.2
8	Sopra Steria	Technology	France		3.2
9	Deutsche Post	Industrials	Germany		3.1
10	Cyfrowy Polsat	Consumer Services	Poland		3.0
11	Adecco	Industrials	Switzerland		3.0
12	ING	Financials	Netherlands		3.0
13	Gerresheimer	Health Care	Germany		3.0
14	Indra Sistemas	Technology	Spain		2.9
15	Total	Oil & Gas	France		2.9
16	Ipsos	Consumer Services	France		2.8
17	ENI	Oil & Gas	Italy		2.8
18	Michelin	Consumer Goods	France		2.8
19	ISS	Industrials	Denmark		2.8
20	Orange	Telecommunications	France		2.7
21	Siemens	Industrials	Germany		2.6
22	BBVA	Financials	Spain		2.6
23	E.ON	Utilities	Germany		2.5
24	BNP Paribas	Financials	France		2.5
25	Rocket Internet	Financials	Germany		2.4
26	Commerzbank	Financials	Germany		2.3
27	Ryanair	Consumer Services	Ireland		2.3
28	Stora Enso	Basic Materials	Finland		2.2
29	Mediobanca	Financials	Italy		2.2
30	PostNL	Industrials	Netherlands		2.0
31	Bayer	Health Care	Germany		2.0
32	Glanbia	Consumer Goods	Ireland		1.9
33	Valeo	Consumer Goods	France		1.8
34	Ahold Delhaize	Consumer Services	Netherlands		1.8
35	Ontex	Consumer Goods	Belgium		1.7
36	Petroleum Geo-Services	Oil & Gas	Norway		1.2
37	Outotec	Industrials	Finland		1.2
38	Leoni	Industrials	Germany		0.9
	Total equity investments			99.1
	Cash and other net assets			0.9
	Net assets			100.0
	* The investment is in non-voting shares ** The investment is in A shares

GEOGRAPHICAL DISTRIBUTION

31 May 2019	% of Net Assets
France	22.6
Germany	18.8
Southern Europe	14.0
Scandinavia	13.8
Benelux	12.2
Switzerland	10.5
Ireland	4.2
Poland	3.0
Cash and other net assets	0.9
	100.0

Southern Europe (Italy, Spain)

Scandinavia (Denmark, Finland, Norway, Sweden)

Benelux (Belgium, Netherlands)

SECTOR DISTRIBUTION

31 May 2019	% of Net Assets
Health Care	19.6
Industrials	15.6
Financials	15.0
Oil & Gas	10.6
Consumer Services	9.9
Technology	9.3
Consumer Goods	8.2
Telecommunications	6.2
Utilities	2.5
Basic Materials	2.2
Cash and other net assets	0.9
	100.0

As at 31 May 2019, the net assets of the Company were £356,852,000.

14 June 2019

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