INVESTEC EUROPEAN GROWTH & INCOME TRUST LTD                                                                     
                                                                                                                
Total assets incl all undistributed revenue reserves                 �          45,051,951        45,273,135    
                                                                                                                
Undistributed revenue reserves total                                 �           4,568,414          4,568,414   
                                                                                                                
Total assets excl all undistributed revenue reserves                 �          40,483,537        40,704,721    
                                                                                                                
Of which Cash                                                        �          22,183,741        22,290,820    
                                                                                                                
Bank loan drawn down                                             euros          42,775,000        42,775,000    
                                                                                                                
Bank loan drawn down                                                 �          29,429,970        29,752,365    
                                                                                                                
Net assets excl all undistributed revenue reserves                   �          11,053,567        10,952,356    
                                                                                                                
Net assets excl all current year undistributed revenue reserves      �          15,555,853        15,454,642    
                                                                                                                
NAV per ordinary share excl undistributed revenue                                     0.31                  0.19
                                                                                                                
ZDP NAV excl undistributed revenue                                                132.22                132.00  
                                                                                                                
Bank covenant ratio incl breakage costs                                               0.86                  0.84
                                                                                                                
IAS - bid NAV                                                                                                   
                                                                                                                
Total assets incl all undistributed revenue reserves                 �          45,043,758        45,262,712    
                                                                                                                
Undistributed revenue reserves total                                 �           4,568,414          4,568,414   
                                                                                                                
Total assets excl all undistributed revenue reserves                 �          40,475,344        40,694,298    
                                                                                                                
Of which Cash                                                        �          22,183,741        22,290,820    
                                                                                                                
Bank loan drawn down                                             euros          42,775,000        42,775,000    
                                                                                                                
Bank loan drawn down                                                 �          29,429,970        29,752,365    
                                                                                                                
Net assets excl all undistributed revenue reserves                   �          11,045,374        10,941,933    
                                                                                                                
Net assets excl all current year undistributed revenue reserves      �          15,547,660        15,444,219    
                                                                                                                
Potential breakage costs on bank loan                                �          -5,989,498  -       6,132,308   
                                                                                                                
NAV per ordinary share incl undistributed revenue after break costs                  -1.85  -               2.19
                                                                                                                
ZDP NAV incl undistributed revenue                                               132.22                 132.00  
                                                                                                                



END