Net Asset Value(s)
10/03/2004 5:20pm
UK Regulatory
INVESTEC EUROPEAN GROWTH & INCOME TRUST LTD
As at
05-Mar-04
UK GAAP - mid NAV
Total assets incl all undistributed revenue reserves £ 44,728,346
Undistributed revenue reserves total £ 4,773,286
Total assets excl all undistributed revenue reserves £ 39,955,060
Of which Cash £ 21,689,414
Bank loan drawn down euros 42,775,000
Bank loan drawn down £ 28,754,382
Net assets excl all undistributed revenue reserves £ 11,200,679
Net assets excl all current year undistributed revenue £ 15,702,965
reserves
NAV per ordinary share excl undistributed revenue 0.34 p
ZDP NAV excl undistributed revenue 133.76 p
Bank covenant ratio incl breakage costs 0.82
IAS - bid NAV
Total assets incl all undistributed revenue reserves £ 44,718,353
Undistributed revenue reserves total £ 4,773,286
Total assets excl all undistributed revenue reserves £ 39,945,067
Of which Cash £ 21,689,414
Bank loan drawn down euros 42,775,000
Bank loan drawn down £ 28,754,382
Net assets excl all undistributed revenue reserves £ 11,190,686
Net assets excl all current year undistributed revenue £ 15,692,972
reserves
Potential breakage costs on bank loan £ -5,729,843
NAV per ordinary share incl undistributed revenue after break -1.12 p
costs
ZDP NAV incl undistributed revenue 133.76 p
END