S R EUROPE INVESTMENT TRUST PLC

The Company announces the allotment of 862 ordinary shares of 10p each. These
shares, which rank pari passu with the existing ordinary shares in issue have
been allotted following the exercise of 862 subscription shares on 7 May 2008.
Application has been made to the FSA for the ordinary shares to be admitted to
the Official List and to the London Stock Exchange for the ordinary shares to
be admitted to trading on the London Stock Exchange's market for listed
securities. It is expected that such admissions will become effective and that
dealings in the ordinary shares will commence on 19 May 2008. As a result of
this exercise, the total number of ordinary shares in issue now stands at
29,695,234 and the total number of subscription shares in issue stands at
5,937,927.

15 May 2008



END



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