Result of EGM

25 Jan 2008 15:45

25 January 2008 European Utilities Trust plc (the `Company') ADJOURNMENT OF SECOND EXTRAORDINARY GENERAL MEETING

The Directors of the Company announce that following the adjournment of the Separate General Meeting of the Holders of ZCP Shares, the Separate General meeting of the holders of Ordinary Income Shares and the First Extraordinary Meeting of 17 January 2008 until 24 January 2008, the Chairman with the consent of the shareholders has adjourned the Second Extraordinary General Meeting until 10.00 am on 1 February 2008.

The adjourned meeting will be held at the address stated in the Notices contained within the Circular sent to Shareholders on 17 December 2007.

Proxies for the adjourned meeting must be submitted within the time set out in the revised timetable highlighted in the announcement of 17 January 2008. Proxy Forms already submitted will be valid for the adjourned meeting.

Enquiries:

Nigel Sidebottom, Premier Asset Management 01483 400 465

Paul Richards/James King, Fairfax I.S. PLC 020 7598 5368

Notes

Words and expressions defined in the circular relating to the Company dated 17 December 2007 have the same meanings when used in this announcement unless the context requires otherwise.