Portfolio Holdings as at 31 March 2019

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 MARCH 2019

				% of
Rank	Company	Sector	Country	Net Assets
1	Roche *	Health Care	Switzerland		4.2
2	Sanofi	Health Care	France		4.0
3	Telefonica	Telecommunications	Spain		3.5
4	Novartis	Health Care	Switzerland		3.5
5	Royal Dutch Shell **	Oil & Gas	Netherlands		3.5
6	Nokia	Technology	Finland		3.4
7	Deutsche Post	Industrials	Germany		3.2
8	Getinge	Health Care	Sweden		3.2
9	ING	Financials	Netherlands		3.1
10	ENI	Oil & Gas	Italy		3.1
11	Sopra Steria	Technology	France		3.1
12	Gerresheimer	Health Care	Germany		2.9
13	Indra Sistemas	Technology	Spain		2.9
14	Total	Oil & Gas	France		2.9
15	Cyfrowy Polsat	Consumer Services	Poland		2.8
16	Adecco	Industrials	Switzerland		2.8
17	ISS	Industrials	Denmark		2.8
18	PostNL	Industrials	Netherlands		2.8
19	Michelin	Consumer Goods	France		2.7
20	Orange	Telecommunications	France		2.6
21	E.ON	Utilities	Germany		2.6
22	BBVA	Financials	Spain		2.6
23	BNP Paribas	Financials	France		2.5
24	Ryanair	Consumer Services	Ireland		2.5
25	Nordea Bank	Financials	Sweden		2.5
26	Ipsos	Consumer Services	France		2.4
27	Commerzbank	Financials	Germany		2.4
28	Mediobanca	Financials	Italy		2.4
29	Siemens	Industrials	Germany		2.3
30	Ontex	Consumer Goods	Belgium		2.2
31	Glanbia	Consumer Goods	Ireland		2.1
32	Rocket Internet	Financials	Germany		2.1
33	Bayer	Health Care	Germany		2.0
34	Ahold Delhaize	Consumer Services	Netherlands		2.0
35	DNB	Financials	Norway		2.0
36	Valeo	Consumer Goods	France		1.8
37	Petroleum Geo-Services	Oil & Gas	Norway		1.6
38	Outotec	Industrials	Finland		1.3
39	Leoni	Industrials	Germany		1.1
	Total equity investments			103.4
	Cash and other net liabilities			(3.4)
	Net assets			100.0
	* The investment is in non-voting shares ** The investment is in A shares

GEOGRAPHICAL DISTRIBUTION

31 March 2019	% of Net Assets
France	22.0
Germany	18.6
Scandinavia	16.8
Southern Europe	14.5
Benelux	13.6
Switzerland	10.5
Ireland	4.6
Poland	2.8
Cash and other net liabilities	(3.4)
	100.0

Scandinavia (Denmark, Finland, Norway, Sweden)
Benelux (Belgium, Netherlands)
Southern Europe (Italy, Spain)

SECTOR DISTRIBUTION

31 March 2019	% of Net Assets
Health Care	19.8
Financials	19.6
Industrials	16.3
Oil & Gas	11.1
Consumer Services	9.7
Technology	9.4
Consumer Goods	8.8
Telecommunications	6.1
Utilities	2.6
Cash and other net liabilities	(3.4)
	100.0

As at 31 March 2019, the net assets of the Company were £366,643,000.

15 April 2019

Legal Entity Identifier: 213800QNN9EHZ4SC1R12

Enquiries:

Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: [phone]

The Company’s registered office address is:

Beaufort House
51 New North Road
Exeter
EX4 4EP