Liquidity Enhancement Policy

European Assets Trust NV
24 November 2005



To :    RNS
From:   European Asset Trust NV
Date :  24 November 2005


LIQUIDITY ENHANCEMENT POLICY


Further to the announcement on 12 October 2005 from European Assets Trust NV 
('the Company'), discussions have taken place with the Dutch Authority for
Financial Markets ('AFM'). These discussions have resulted in a satisfactory
outcome. The Company will implement a liquidity enhancement policy, of which
share buy backs form part. Share buy backs will be carried out within the
parameters and requirements as previously stated by the Board. F&C Asset
Management plc has sole discretion, in the name of the Company, to implement
share buy backs assuming the parameters and requirements referred to above are
met pursuant to a Liquidity Enhancement Agreement with the Company dated 22
November 2005. The purpose of this agreement is to enhance the liquidity in the
trading of the Company's shares on the London Stock Exchange.  The agreement is
for a continuous period.


The maximum prices at which share buy backs may take place pursuant to the
agreement will be the higher of (i) 105 per cent of the average of the market
values of the shares for the five business days immediately preceding the date
of the relevant purchase; (ii) the price of the last independent trade; and
(iii) the highest current independent bid. Such maximum price is presently as
permitted by the Listing Rules of the London Stock Exchange. The maximum number
of shares subject to the agreement will be 10 per cent of issued share capital
in any three month period, save that the first such period will be to the
Company's year end of 31 December 2005.


Shares repurchased by the Company will be held in treasury and be available for
sale.


Another element of the liquidity enhancement policy is the sale of treasury
shares. Here as well F&C Asset Management plc has sole discretion, in the name
of the Company, to implement share sales assuming the parameters and
requirements set forth in the Liquidity Enhancement Agreement are met. The sale
price must, if it is at a discount to net asset value, be at a discount which is
lower than the average discount at which shares have been acquired by the
Company measured over preceding financial periods and may not be less than the
market bid price at the time of sale. Sales may not lead to the absolute level
of dilution through the sale of treasury shares exceeding 0.5 per cent of net
asset value in any one year.


As indicated in the circular issued to shareholders by the Company on 27
September 2005, the Board will keep the scope and implementation of the policy
under review to ensure best practice on an ongoing basis.



For further information please contact:



F&C Asset Management plc

Crispin Longden                                      0044 (0) 131 465 1000
(Investment Manager)



Michael Campbell                                     0044 (0) 131 465 1000
(Company Secretary)



European Assets Trust NV
Wilbert van Twuijver                                 0044 311 0201 3625
(FCA Management BV, Managing Director)



UBS Limited
Will Rogers                                          0044 (0) 207 567 8000





European Assets Trust NV is a limited liability company ('naamloze vennootschap
') in the form of an investment company with variable capital (''
beleggingsmaatschappij met veranderlijk kapitaal'') incorporated in The
Netherlands, with corporate seat in Rotterdam and registered in the trade
register held by the Chamber of Commerce at Rotterdam (under number 33039381)
and licensed pursuant to the Dutch Act on the Supervision of Investment
Institutions (''Wet toezicht beleggingsinstellingen'')


                      This information is provided by RNS
            The company news service from the London Stock Exchange