CREST - Depository Interests

European Assets Trust NV
20 November 2006

To:                  RNS

From:                European Assets Trust NV ('EAT')

Date:                20 November 2006

Subject:             CREST - Depository Interests



The Board is pleased to announce that the Company is introducing an additional
facility to allow CREST participating shareholders to hold and transfer
interests in the shares of EAT within the CREST UK electronic settlement system.



The facility is in the form of Depository Interests which will be operated by
Computershare pursuant to a Deed Poll executed under English law.  Computershare
has also been appointed as the Company's UK Registrar.  Further details are set
out in the CREST Operating Bulletin which has been issued to UK market
participants (the effective commencement date for transfers of Depository
Interests is 30 November 2006).



Shareholders that wish to continue to hold their shares in EAT as at present in
certificated form on the UK register can continue to do so and their rights are
unaffected by the introduction of the Depository Interests.



The Board believes that this new facility should enhance the market liquidity in
the Company's shares and thereby add value for shareholders.





For further information contact:



Michael Campbell, Company Secretary               Tel: [phone]
Chris Guy, Computershare                          Tel: [phone]








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