Portfolio Holdings as at 31 October 2016

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 OCTOBER 2016

Rank	Company	Sector	Country	% of  Net Assets
1	PostNL	Industrials	Netherlands	5.2
2	BNP Paribas	Financials	France	4.0
3	Royal Dutch Shell A	Oil & Gas	Netherlands	3.8
4	Total	Oil & Gas	France	3.6
5	Stora Enso	Basic Materials	Finland	3.6
6	Roche*	Health Care	Switzerland	3.4
7	Sanofi	Health Care	France	3.3
8	BBVA	Financials	Spain	3.3
9	ENI	Oil & Gas	Italy	3.3
10	Bayer	Basic Materials	Germany	3.2
11	DNB	Financials	Norway	3.0
12	Novartis	Health Care	Switzerland	2.9
13	Adecco	Industrials	Switzerland	2.9
14	Ubisoft Entertainment	Consumer Goods	France	2.9
15	Delta Lloyd	Financials	Netherlands	2.8
16	DIA	Consumer Services	Spain	2.8
17	Leoni	Industrials	Germany	2.7
18	Telefonica	Telecommunications	Spain	2.7
19	Ryanair	Consumer Services	Ireland	2.6
20	SKF	Industrials	Sweden	2.6
21	Michelin	Consumer Goods	France	2.6
22	ING	Financials	Netherlands	2.6
23	Rocket Internet	Financials	Germany	2.6
24	Telecom Italia	Telecommunications	Italy	2.5
25	Nokia	Technology	Finland	2.5
26	E.ON	Utilities	Germany	2.5
27	Airbus	Industrials	France	2.5
28	Siemens	Industrials	Germany	2.4
29	Danske Bank	Financials	Denmark	2.2
30	Commerzbank	Financials	Germany	2.1
31	Prysmian	Industrials	Italy	2.0
32	Ipsos	Consumer Services	France	2.0
33	TDC	Telecommunications	Denmark	2.0
34	Outotec	Industrials	Finland	1.9
35	Petroleum Geo-Services	Oil & Gas	Norway	1.9
36	BB Biotech	Health Care	Switzerland	1.8
37	Piaggio	Consumer Goods	Italy	1.5
38	Unipol	Financials	Italy	0.8
	Total equity investments			103.0
	Cash and other net liabilities			(3.0)
	Net assets			100.0
	* The investment is in non-voting shares

GEOGRAPHICAL DISTRIBUTION

31 October 2016	% of Net Assets
France	20.9
Germany	15.5
Netherlands	14.4
Switzerland	11.0
Italy	10.1
Spain	8.8
Finland	8.0
Norway	4.9
Denmark	4.2
Ireland	2.6
Sweden	2.6
Cash and other net liabilities	(3.0)
	100.0

SECTOR DISTRIBUTION

31 October 2016	% of Net Assets
Financials	23.4
Industrials	22.2
Oil & Gas	12.6
Health Care	11.4
Consumer Services	7.4
Telecommunications	7.2
Consumer Goods	7.0
Basic Materials	6.8
Technology	2.5
Utilities	2.5
Cash and other net liabilities	(3.0)
	100.0

As at 31 October 2016, the net assets of the Company were £377,852,000.

16 November 2016

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