Net Asset Value(s)

5 Nov 2007 16:06

EUROPEAN UTILITIES TRUST PLC

The net asset value per Ordinary Income share of European Utilities Investment Trust plc as at close of business on 31 October 2007 was 331.30p.

The net asset value per Zero Coupon Preference share was 313.99p.

Funds under management were ‚£43,840,422.

The portfolio has been valued using bid prices.

Movements in the fair value of the Company's derivative financial instrument are recognised in the net asset value. This comprises of an interest rate swap associated with the Company's borrowings.

The analysis of the gross assets less current liabilities at 31 October 2007 by geographical area is as follows:

Czech Republic 7% France 11% Germany 14% Greece 2% Italy 10% Portugal 3% Spain 11% United Kingdom 35% Cash 7% 100% The analysis of the gross assets less current liabilities by sector is asfollows:Electricity 45% Water 11% Gas Distribution 12% Telecoms 14% Infrastructure 11% Cash 7% 100%5 November 2007