Net Asset Value(s)

5 Mar 2007 13:15

EUROPEAN UTILITIES TRUST PLC

The net asset value per Ordinary Income share of European Utilities Investment Trust plc as at close of business on 28 February 2007 was 271.51p.

The net asset value per Zero Coupon Preference shares was 299.58p.

Funds under management were ‚£37,872,917.

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 swap associated with the Company's borrowings.

The analysis of the gross assets less current liabilities at 28 February 2007 by geographical area is as follows:

Czech Republic 5% France 15% Germany 15% Greece 2% Italy 9% Portugal 4% Spain 13% United Kingdom 32% Cash 5% 100% The analysis of the gross assets less current liabilities by sector is asfollows:Electricity 50% Water 19% Gas Distribution 9% Telecoms 6% Infrastructure 11% Cash 5% 100%5 March 2007