Investec European Growth & Investment Trust Limited              

In accordance with the Investment Entities (Listing Rules and Conduct of
Business) Instrument 2003, the Company announces that, as at close of business
on 31 December 2003, the Company held the following investments in listed
investment companies which themselves do not have stated investment policies to
invest no more than 15% of their gross assets in other listed investment
companies:

                                                     % Gross Assets   
                                                                      
Dartmoor Investment Trust Red Pref                       0.0540%      
                                                                      
Edinburgh Pacific & Income                               0.0126%      
                                                                      
Investec High Income Trust                               1.3612%      
                                                                      
LeggMason Investors American Assets                      0.0001%      
                                                                      
LeggMason Investors Income & Growth                      0.0000%      
                                                                      
LeggMason Investors Strategic Assets Trust               0.0000%      
                                                                      
Quarterly High Income                                    0.0000%      
                                                                      
Yeoman Inv Trust Inc                                     0.0000%      
                                                                      
                                                                      
                                                                      
                                            Total        1.4280%      

Enquiries please contact:

Gill Nobes +44 1481 710404

Investec Asset Management Guernsey Limited



END