European Assets Trust PLC Investment Management Fee Amendment (9537H)

TIDMEAT

RNS Number : 9537H

European Assets Trust PLC

30 March 2020

European Assets Trust PLC

Investment management fee amendment

The Board of European Assets Trust PLC ('the Company') announces an amendment to the basis of calculation of the investment management fee payable to BMO Investment Business Limited ("the Investment Manager").

Previously, the Investment Manager received a fee equal to 0.8 per cent per annum of the value of funds under management. Funds under management are calculated as the value of total assets less current liabilities (excluding borrowings) at the end of the preceding quarter. It excludes the value of any funds managed by the BMO group and 50 per cent of the value of funds managed by other managers. In cases where the value of funds under management exceeded EUR500 million, the applicable rate over such excess value was 0.65 per cent per annum.

Following the amendment, which is effective from 1 April 2020, the investment management fee has been reduced from 0.8 to 0.75 per cent per annum of the value of funds under management. For funds under management in excess of EUR400 million, the applicable rate over such excess value will be 0.6 per cent per annum. The basis of calculation for funds under management is unchanged.

This fee is calculated quarterly and payable in advance.

Funds under management as at close of business on 27 March 2020 were EUR352 million.

For further information contact:

Scott McEllen

Investment Company Secretary

BMO Investment Business Limited

020 7628 8000

Alex Collins

Panmure Gordon (UK) Limited

020 7886 2767

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