Dividend Declaration

European Assets Trust NV
08 January 2004


To:     RNS

From: European Assets Trust NV

Date:     8 January 2004


Dividend Announcement

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

  • Three dividends to be paid in year, each of Euro 0.155 per share


The Board is pleased to announce the dividends expected to be paid by the
Company in respect of the year to 31 December 2004. In accordance with the
Company's policy the annual dividend will be equivalent to 6 per cent of the net
asset value of the Company at the end of the preceding year. For 2004 this will
equate to a total dividend of Euro 0.465 per share. The dividend will be paid in
three equal instalments of Euro 0.155 per share at the end of January, May and
August 2004.

The January dividend payment of Euro 0.155 will be paid on 28 January 2004 to
shareholders on the register on 16 January 2004, having an ex-dividend date of
14 January 2004. Dutch withholding tax does not apply to this January dividend
payment.


For further information contact:

Crispin Longden (Investment Manager)          Tel [phone]

Michael Campbell (Company Secretary)          Tel [phone]

ISIS Asset Management plc, Edinburgh


Wilbert van Twuijver (Managing Director)

FCA Management BV, Rotterdam               Tel [phone]


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