Net Asset Value(s)

26 Sep 2006 16:43

EUROPEAN UTILITIES TRUST PLCThe net asset value per Ordinary Income share of European Utilities Trust plcas at the close of business on 22 September 2006 was 247.72p.The net asset value per Zero Dividend Preference share of European UtilitiesTrust plc was 290.58Funds under management were ‚£35,459,034.The portfolio has been valued using bid prices.Movements in the fair value of the Company's derivative financial instrument isrecognised in the net asset value. This comprises of an interest rate swapassociated with the Company's borrowings.The analysis of the gross assets less current liabilities at 22 September 2006by geographical area is as follows:Austria 4% France 12% Germany 12% Italy 6% Portugal 4% Spain 10% United Kingdom 22% Cash 30% 100%ENDEUROPEAN UTILITIES TRUST PLC