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Martin Currie Eur. (MCE)

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Tuesday 21 September, 2004

Martin Currie Eur.

Director Shareholding

                                   SCHEDULE 11


        All relevant boxes should be completed in block capital letters.

1. Name of company                            2. Name of director

Martin Currie European Investment Trust plc   Jan GTS Ankarcrona

3. Please state whether notification          4. Name of the registered
indicates that it is in respect of holding    holder(s) and, if more than
of the shareholder named in 2 above or in     one holder, the number of
respect of a non-beneficial interest or in    shares held by each of them
the case of an individual holder if it is a   (if notified)
holding of that person's spouse or children
under the age of 18 or in respect of an non-
beneficial interest

As in 2.                                      As in 2.

5. Please state whether notification          6. Please state the nature of
relates to a person(s) connected with the     the transaction. For PEP
director named in 2 above and identify the    transactions please indicate
connected person(s)                           whether general/single co PEP
                                              and if discretionary/non
                                              discretionary /non

As in 2.                                      Dividend re-investment within
                                              savings plan

7. Number of       8. Percentage of   9. Number of        10. Percentage of
shares/amount of   issued class       shares/amount of    issued class
stock acquired                        stock disposed

 29.207             0.00012%

11. Class of       12. Price per      13. Date of         14. Date company
security           share              transaction         informed

Ordinary 50p       £1.9495            17 September 2004   20 September 2004

15. Total holding following           16. Total percentage holding of
this notification                     issued class following this

14,408.858                            0.0184%

If a director  has been granted options by the company please complete the
following boxes.

17. Date of grant                     18. Period during which or date on
                                      which exercisable

19. Total amount paid (if any)        20. Description of shares or
for grant of the option               debentures involved: class, number

21. Exercise price (if fixed at       22. Total number of shares or
time of grant) or indication          debentures over which options held
that price is to be fixed at          following this notification
time of exercise

23. Any additional information        24. Name of contact and telephone
                                      number for queries

                                      Jan Wilson 0131 479 4774

25. Name and signature of authorised company official responsible for making
this notification

Martin Currie Investment Management Limited

Date of notification 21 September 2004                                                                                                                                                                            

a d v e r t i s e m e n t