Dividend Declaration

European Assets Trust NV
03 January 2008

To:     RNS
From:   European Assets Trust NV
Date:   3 January 2008


Dividend Announcement

•   6 per cent yield level on net asset value per share for annual distributions 
    to shareholders

•   Total dividend for 2008 of Euro 0.81 per share

•   Sterling dividend maintained, based on year-end exchange rate

•   UK tax credit of 10 per cent extended to dividends paid by the Company after 
    6 April 2008


The Board announces the dividends expected to be paid by the Company in respect
of the year to 31 December 2008.  In accordance with the Company's stated
policy, the annual dividend will be equivalent to 6 per cent of the net asset
value per share of the Company at the end of the preceding year.  For the
previous three years this policy has provided strong dividend growth of 19, 32
and 24 per cent. respectively. This year, the policy results in a total dividend
rounded to Euro 0.81 per share (2007: Euro 0.888 per share, net).  Most of the
Company's shareholders receive Sterling dividends, and based on the year-end
exchange rate, the dividend in Sterling terms for 2008 will be virtually the
same as the dividends received by shareholders for 2007.  The 2008 dividend will
be paid in three equal instalments of Euro 0.27 per share at the end of January,
May and August 2008. The January dividend payment of Euro 0.27 will be paid on
25 January 2008 to shareholders on the register on 11 January 2008, having an
ex-dividend date of 9 January 2008.

With effect from 6 April 2008, the UK government is extending the 10 per cent
tax credit presently available on UK-sourced dividends to overseas-sourced
dividends. This should benefit the Company's UK taxpaying shareholders.

Shareholders may elect to receive dividends by way of further shares in the
Company rather than cash.  Where shareholders so elect, they will receive shares
based on the net asset value of the Company. Elections for scrip dividends must
be received by the Company's administrator, Computershare Investor Services PLC,
by the record date in order to apply to the dividend. Scrip dividends are
subject to UK capital gains tax rules rather than income tax rules.

After a good first half of the year in which the Company's net asset value total
return

(capital performance with dividends added back) was 11.6 per cent in Sterling
(11.7 per cent in Euros), a fall in the second half resulted in a net asset
value total return over the year (unaudited) of 3.7 per cent in Sterling (-4.8
per cent in Euros).

The second half of the year saw significant volatility in equity markets as a
result of the difficulties in global credit markets and an ensuing liquidity
crisis which may persist in 2008.  As a result investors have become more
cautious in their asset allocations.  The Company's portfolio continues to be
skewed towards companies with a market capitalisation at the upper end of its
asset class size bracket. The focus remains on good quality companies with a
proven business model and a resilient track record in earnings and shareholder
value creation.



For further information contact:

Crispin Longden (Investment Manager)                   Tel [phone]
Michael Campbell (Company Secretary)                   Tel [phone]
F&C Investment Business Limited, Edinburgh

Wilbert van Twuijver (Managing Director)
FCA Management BV, Rotterdam                           Tel [phone]








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