Net Asset Value(s)

5 Jul 2007 15:02

EUROPEAN UTILITIES TRUST PLC

The net asset value per Ordinary Income share of European Utilities Investment Trust plc as at close of business on 30 June 2007 was 294.56p.

The net asset value per Zero Coupon Preference share was 306.67p.

Funds under management were ‚£40,121,498.

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 30 June 2007 by geographical area is as follows:

Czech Republic 5% France 11% Germany 14% Greece 4% Italy 12% Portugal 4% Spain 13% United Kingdom 30% Cash 7% 100% The analysis of the gross assets less current liabilities by sector is asfollows:Electricity 49% Water 12% Gas Distribution 9% Telecoms 15% Infrastructure 7% Other 1% Cash 7% 100%5 July 2007