The European Investment Trust plc ("the Company")

    Share Repurchase Authority

    The Company announces that, as a result of the passing of resolution 12 at the
    Company's Annual General Meeting held on 24 January 2017, it has authority to
    repurchase up to a maximum of 6,296,814 of its ordinary shares. Such authority
    lasts until the Company's next Annual General Meeting in 2018, unless it has
    been fully exercised, or renewed or expressly revoked by shareholders before
    then.

    The maximum price (exclusive of expenses) which may be paid by the Company for
    an ordinary share shall be no more than the higher of (a) 105% of the average
    of the closing market value of such shares (as derived from the Daily Official
    List of the London Stock Exchange) for the five business days prior to the date
    of purchase, and (b) the amount stipulated by Article 5(6) of the Market Abuse
    Regulation.

    In addition, it is the Company's policy that repurchases of shares will only be
    made at prices below the prevailing net asset value of the Company's shares and
    where the Company's Directors consider it to be in the best interests of
    shareholders and the Company to do so.

    It is expected that similar announcements will be made each time the share
    repurchase authority is renewed.

    24 January 2017

    Enquiries:
    Kenneth J 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