Portfolio Update

2 Feb 2006 15:46

EUROPEAN UTILITIES TRUST PLCIn accordance with UKLA Listing Rule 15.4.11 (2), the following list representsthe Company's 10 largest investments as at 31st January 2006 and whereappropriate, any investment with a value greater than 5% of the Company's grossassets:Name of company Class of shareRWE* ORDINARY SEVERN TRENT* ORDINARY E.ON* ORDINARY VEOLIA ENVIRONNEMENT* ORDINARY NATIONAL GRID ORDINARY ENEL ORDINARY DEUTSCHE POST ORDINARY TELEKOM AUSTRIA ORDINARY SCOT POWER ORDINARY AGUAS DE BARCELONA ORDINARY *Holding greater than 5% of the company's gross assets.ENDEUROPEAN UTILITIES TRUST PLC