Net Asset Value(s)

6 Aug 2007 10:43

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 July 2007 was 278.05p.

The net asset value per Zero Coupon Preference share was 308.5p.

Funds under management were ‚£38,698,970.

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 July 2007 by geographical area is as follows:

Czech Republic 6% France 10% Germany 14% Greece 3% Italy 12% Portugal 4% Spain 14% United Kingdom 32% Cash 5% 100% The analysis of the gross assets less current liabilities by sector is asfollows:Electricity 50% Water 12% Gas Distribution 9% Telecoms 17% Infrastructure 6% Other 1% Cash 5% 100%6 August 2007