Issue of Equity

European Assets Trust NV
22 December 2006

European Assets Trust NV



To:                Company Announcements
From:              European Assets Trust NV
Date:              22 December 2006


ISSUE OF EQUITY


On 21 December 2006, European Assets Trust NV sold 50,000 of its Ordinary Shares
held in treasury at a price of £9.615 per share, which equates to a discount to
the estimated net asset value at the time of transaction of 2.2%.  Following
this transaction, there are 16,483,475 shares in issue and there are 1,995,000
shares held in treasury since the implementation of the liquidity enhancement
policy.




Michael Campbell
For F&C Asset Management plc
Managers

Enquiries:  0131 465 1000





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