Net Asset Value(s)

4 Jan 2008 11:26

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 December 2007 was 346.67p.

The net asset value per Zero Coupon Preference share was 317.68p.

Funds under management were ‚£45,548,941.

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 December 2007 by geographical area is as follows:

Czech Republic 4% France 11% Germany 15% Greece 2% Italy 9% Portugal 4% Spain 11% United Kingdom 33% Cash 11% 100% The analysis of the gross assets less current liabilities by sector is asfollows:Electricity 46% Water 15% Gas Distribution 12% Telecoms 11% Infrastructure 10% Cash 6% 100%4 January 2008