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Martin Currie Eur. (MCE)

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Monday 20 September, 2004

Martin Currie Eur.

Tender Offer update


20 September 2004

Martin Currie European Investment Trust plc (the "Company")

Tender Offer update

Following  the  Annual General Meeting on 2 September  2004,
the  Board of the Company announced that the Board intended,
as   soon  as  practicable  and  subject  to  obtaining  all
necessary approvals, to bring forward proposals for a tender
offer at net asset value less relevant costs.

The  tender  offer will be for up to 100 per  cent.  of  the
issued share capital of the Company. Its implementation will
require the approval of shareholders and the approval of the
Court of Session in Scotland to a reduction of the Company's
capital.   It is expected that a circular will be posted  to
shareholders in early November 2004.

For further information please contact:

Mike                                                Woodward
0131 229 5252
Martin Currie Investment Management Ltd
[email protected]

Angus                      Gordon                     Lennox
020 7588 2828
Cazenove & Co. Ltd                                                                                                                                                                                                                                                      

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