Holding(s) in Company

29 Oct 2007 14:46

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

European Utilities Trust Plc

2. Reason for the notification State Yes/No An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify): Initial Disclosure

3. Full name of person(s) subject to the notification obligation Premier Fund (iii):

Managers Limited 4. Full name of shareholder(s) (if different from 3.) (iv):

5. Date of the transaction (and date on which the threshold is 12 June 2007 crossed

or reached if different) (v): 6. Date on which issuer notified: 26 October 2007 7. Threshold(s) that is/are crossed or reached: Below 21% 8. Notified details: N/A

A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering

shares to transaction (vii) if possible the Triggering using the transaction (vi)

ISIN CODE Number Number Number Number of voting % of voting of of of rights (ix) rights Shares Voting shares Rights (viii) Direct Direct Indirect Direct Indirect (x) (xi)

GB0004761176 1,946,508 1,946,508 1,817,891 1,817,891 20.08%

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of Expiration Exercise/Conversion Number of voting % of financial date (xiii) Period/ Date (xiv) rights that may be voting instrument acquired if the rights instrument is exercised/converted Total (A+B) Number of voting rights % of voting rights 1,817,891 20.08%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):

Proxy Voting:10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting

rights: 13. Additional information: 14. Contact name:

15. Contact telephone number: