REG-European Inv Tst Plc: Portfolio Holdings as at 31 December 2017 <Origin Href="QuoteRef">EUTP.L</Origin>

Baillie Gifford European Growth TrustAnnouncement

16/01/2018 07:05

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 DECEMBER 2017

                                                                                                         % of 
 Rank  Company                                Sector                                 Country       Net Assets 
                                                                                                              
 1     PostNL                                 Industrials                            Netherlands          4.3 
 2     Royal Dutch Shell *                    Oil & Gas                              Netherlands          3.4 
 3     Novartis                               Health Care                            Switzerland          3.4 
 4     Bayer                                  Health Care                            Germany              3.2 
 5     Leoni                                  Industrials                            Germany              3.1 
 6     BBVA                                   Financials                             Spain                3.1 
 7     Total                                  Oil & Gas                              France               3.0 
 8     ENI                                    Oil & Gas                              Italy                3.0 
 9     Commerzbank                            Financials                             Germany              3.0 
 10    Roche **                               Health Care                            Switzerland          2.9 
 11    Sanofi                                 Health Care                            France               2.9 
 12    BB Biotech                             Health Care                            Switzerland          2.9 
 13    ING                                    Financials                             Netherlands          2.8 
 14    BNP Paribas                            Financials                             France               2.8 
 15    Telefonica                             Telecommunications                     Spain                2.7 
 16    Nordea Bank                            Financials                             Sweden               2.7 
 17    Deutsche Post                          Industrials                            Germany              2.5 
 18    TDC                                    Telecommunications                     Denmark              2.5 
 19    Ontex                                  Consumer Goods                         Belgium              2.4 
 20    Ahold Delhaize                         Consumer Services                      Netherlands          2.4 
 21    Michelin                               Consumer Goods                         France               2.4 
 22    Outotec                                Industrials                            Finland              2.4 
 23    Rocket Internet                        Financials                             Germany              2.3 
 24    E.ON                                   Utilities                              Germany              2.3 
 25    DNB                                    Financials                             Norway               2.3 
 26    Ipsos                                  Consumer Services                      France               2.3 
 27    Nokia                                  Technology                             Finland              2.3 
 28    Telecom Italia                         Telecommunications                     Italy                2.3 
 29    Ryanair                                Consumer Services                      Ireland              2.2 
 30    Adecco                                 Industrials                            Switzerland          2.2 
 31    Danske Bank                            Financials                             Denmark              2.2 
 32    Airbus                                 Industrials                            France               2.2 
 33    Ubisoft Entertainment                  Consumer Goods                         France               2.1 
 34    DIA                                    Consumer Services                      Spain                2.1 
 35    Mediobanca                             Financials                             Italy                2.1 
 36    Cyfrowy Polsat                         Consumer Services                      Poland               2.1 
 37    Petroleum Geo-Services                 Oil & Gas                              Norway               2.0 
 38    Siemens                                Industrials                            Germany              1.7 
 39    Gemalto                                Technology                             Netherlands          0.2 
                                                                                                              
       Total equity investments                                                                          98.7 
       Cash and other net assets                                                                          1.3 
                                                                                                              
       Net assets                                                                                       100.0 
                                                                                                              
                                                                                                              
       * The investment is in A shares ** The investment is in non-voting shares                              
                                                                                                              

GEOGRAPHICAL DISTRIBUTION

 31 December 2017            % of Net Assets 
                                             
 Germany                                18.1 
 France                                 17.7 
 Netherlands                            13.1 
 Switzerland                            11.4 
 Spain                                   7.9 
 Italy                                   7.4 
 Finland                                 4.7 
 Denmark                                 4.7 
 Norway                                  4.3 
 Sweden                                  2.7 
 Belgium                                 2.4 
 Ireland                                 2.2 
 Poland                                  2.1 
 Cash and other net assets               1.3 
                                       100.0 

SECTOR DISTRIBUTION

 31 December 2017            % of Net Assets 
                                             
 Financials                             23.3 
 Industrials                            18.4 
 Health Care                            15.3 
 Oil & Gas                              11.4 
 Consumer Services                      11.1 
 Telecommunications                      7.5 
 Consumer Goods                          6.9 
 Technology                              2.5 
 Utilities                               2.3 
 Cash and other net assets               1.3 
                                       100.0 

As at 31 December 2017, the net assets of the Company were £435,743,000.

16 January 2018

LEI: 213800QNN9EHZ4SC1R12

Enquiries:

Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: 0131 270 3800

The Company’s registered office address is:

Beaufort House
51 New North Road
Exeter
EX4 4EP



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