Issue of Equity

European Assets Trust NV
27 December 2000


Issue of shares

On 22 December 2000 European Assets Trust re-issued 1,613,000 shares from
those purchased by it in the recent tender offer.  Following this re-issue
there are 18,141,038 shares in issue.

Enquiries:

Keith Hannay, Friends Ivory & Sime plc                      0131 465 1000