FORM SAR 3 
 
    Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. 
    A copy must also be sent to the company the shares of which are acquired. 
 
    Date of disclosure 
 
    November 26, 2003 
 
    DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING 
    SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") 
 
    Date of acquisition 
 
    November 25, 2003 
 
    Acquisition in (name of company) 
 
    EUROPEAN GROWTH & INCOME-UTS 
 
    1. Class of voting shares (eg ordinary shares) 
 
    Units (1 Income, 1 Capital) and Income Shares 
 
    Number of shares/rights over shares acquired 
 
    1,663,148 Units  Shares                       -     Rights 
    592,556 Income 
 
    Shares purchased for 2 fund managed by Weiss Asset Management: 
 
                                   Units               Income 
    Brookdale Global Opportunity Fund (BGO)    449,050 shares   159,990 shares 
    Brookdale International Partners (BIP)   1,214,098 shares   432,566 shares 
 
    If rights over shares acquired, as opposed to the shares themselves, 
specify nature of rights 
 
    - 
 
    2. Resultant total holding of voting shares (and % of total voting shares 
in issue) 
 
 
    25,340,922 
    19.20% 
 
    Income Shares 
    Brookdale Global Opportunity Fund (BGO)        1,262,990 shares    
    Brookdale International Partners LP (BIP)           4,229,566 shares 
 
    Capital Shares 
    Brookdale Global Opportunity Fund (BGO)        2,036,050 shares 
    Brookdale International Partners LP (BIP)           7,888,133 shares 
 
    Unit Shares 
    Brookdale Global Opportunity Fund (BGO)        2,036,050 shares    
    Brookdale International Partners LP (BIP)           7,888,133 shares 
 
 
    Resultant total holding of rights over shares (and % of total voting 
shares in issue) 
 
    -       -  % 
 
 
    Total percentage 
 
    -  % 
 
    3. Party making disclosure 
 
    Weiss Asset Management LLC, Weiss Capital LLC 
 
    4. (a) Name of person acquiring shares or rights over shares  
 
 
 
    and, if different, beneficial owner 
 
    Brookdale International Partners LP, Brookdale Global Opportunity Fund 
 
    (b) Names of any other persons acting by agreement or understanding (see 
SAR 5) 
 
    - 
 
    Signed, for and on behalf of the party named in (3) above 
 
 
    (Also print name of signatory) 
 
    Eitan Milgram 
 
    Telephone and extension number 
 
    001-617-778-7714 
 
    Note.  Under SAR 5, the holdings of and acquisitions by persons acting by 
          agreement or understanding must be aggregated and treated as a 
          holding of or acquisition by one person. Note 3 on SAR 5 requires 
          persons who must aggregate holdings to disclose certain disposals. 
 
    For full details of the SARs disclosure requirements, see Rules 3 and 5 of 
the SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring 
Section.  Tel. No: 020 7638 0129. 
    Email:monitoring@disclosure.org.uk 
 




END