RNS Number:2803U
Merrill Lynch Euro Inv Tst PLC
15 January 2004

NET ASSET VALUE

MERRILL LYNCH EUROPEAN INVESTMENT TRUST plc

The unaudited net asset value for Merrill Lynch European Investment Trust plc at
close of business on 14 January 2004 was:

160.74p (undiluted)

153.72p (diluted)

Notes:

1. Revenue items, disclosed in the most recent monthly announcement, are
included in net asset value, with dividends deducted on the ex-dividend date.

2. For the latest daily net asset value, previous month end performance
statistics, asset allocation and ten largest holdings of the Merrill Lynch
Investment Trusts, see MLIMINDEX on Reuters or page 8800 on ICV (Topic 3).

3. 480,000 ordinary shares purchased on 14 January 2004 (total 300.4 million
ordinary shares purchased to date) have been reflected in these calculations.

4. 500,000 warrants purchased on 10 April 2003 (total 73.0 million warrants
purchased to date) have been reflected in these calculations.




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