Net Asset Value(s)

6 Dec 2007 12:06

EUROPEAN UTILITIES TRUST PLC

The net asset value per Ordinary Income share of European Utilities Investment Trust plc as at close of business on 30 November 2007 was 340.76p.

The net asset value per Zero Coupon Preference share was 315.8p.

Funds under management were ‚£44,857,610.

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 November 2007 by geographical area is as follows:

Czech Republic 4% France 11% Germany 14% Greece 2% Italy 9% Portugal 4% Spain 11% United Kingdom 34% Cash 11% 100% The analysis of the gross assets less current liabilities by sector is asfollows:Electricity 46% Water 10% Gas Distribution 12% Telecoms 14% Infrastructure 6% Cash 12% 100%6 December 2007