INVESTEC EUROPEAN GROWTH & INCOME TRUST LIMITED                

The Company wishes to announce that the special resolutions required to
authorise the Company to make market purchases of Zero Dividend Preference
shares and Ordinary shares of 0.1p each in the capital of the Company proposed
at the Annual General Meeting held on Friday 19 December 2003 which were
subject to the passing of extraordinary resolutions sanctioning such purchases
at separate class meetings of the holders of Ordinary shares and Zero Dividend
Preference shares, failed as a result of the votes taken at the adjourned
separate meetings of those shareholders held on 30 December 2003.

All other resolutions proposed at the Annual General Meeting were duly passed.

The previous resolutions authorising the Company to make market purchases of
Ordinary shares and Zero Dividend Preference shares therefore have not been
renewed.

Enquiries please contact:

Sheila Ozanne +44 1481 709819

Investec Asset Management Guernsey Limited

30 December 2003



END