TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES


1. Identity of the issuer or the underlying issuer                                     The European
of existing shares to which voting rights are                                          Investment Trust plc
attached:

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                            X

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the                                              Investec Wealth &
notification obligation:                                                              Investment Limited

4. Full name of shareholder(s)                                                        N/A
 (if different from 3.):

5. Date of the transaction and date on
which the threshold is crossed or                                                     21st January 2014
reached:

6. Date on which issuer notified:                                                     22nd January 2014

7. Threshold(s) that is/are crossed or                                                From 10% to 11%
reached:

8. Notified details:

A: Voting rights attached to shares

Class/type     Situation previous            Resulting situation after the triggering transaction
of             to the triggering
shares         transaction

               Number       Number       Number       Number of voting       % of voting rights
if possible    of           of           of           rights
using          Shares       Voting       shares
the ISIN                    Rights
CODE                                     Direct       Direct   Indirect       Direct   Indirect

Ordinary
Shares         4,626,617    4,626,617                          4,629,867                  11.01%
GB0003295010

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of        Expiration          Exercise/           Number of voting             % of voting
financial      date                Conversion Period   rights that may be           rights
instrument                                             acquired if the
                                                       instrument is
                                                       exercised/ converted.


C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of       Exercise price  Expiration  Exercise/   Number of voting rights   % of voting rights
financial                     date        Conversion  instrument refers to
instrument                                period


                                                                                Nominal Delta


Total (A+B+C)

Number of voting rights                           Percentage of voting rights

4,629,867                                         11.01%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Client holdings registered in the name of Nominee companies 100% owned by
Investec Wealth & Investment Limited.

Proxy Voting:

10. Name of the proxy holder:                                          N/A

11. Number of voting rights proxy holder will cease
to hold:                                                               N/A

12. Date on which proxy holder will cease to hold
voting rights:                                                         N/A

13. Additional information:                                            N/A

14. Contact name:                                               Phil Beardwell FCSI
                                                              Senior Compliance Manager

15. Contact telephone number:                                     020 7597 1356