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                                                        28th January 2014
reached:

6. Date on which issuer notified:                                                        29th 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
GB0003295010   4,622,532        4,622,532                        4,627,697                    11.00%


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

4,627,697                                         11.00%


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 Chartered FCSI
                                                                       Senior Compliance Manager

15. Contact telephone number:                                          020 7597 1356