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 22 December 2006, European Assets Trust NV sold 50,000 of its Ordinary Shares
held in treasury at a price of £9.62 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 16,533,475 shares in issue and there are 1,945,000
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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