Result of Tender Offer

18 June 2025

EUROPEAN OPPORTUNITIES TRUST PLC

("EOT" or the "Company")

Results of the Tender Offer

Further to the announcement on 7 February 2025 and the publication of the circular on 8 May 2025 (the "Circular"), the Board today announces the results of the tender offer to purchase up to 25% of the Company's Ordinary Shares in issue (excluding treasury shares) (the "Tender Offer").

The Tender Offer was taken up in full and, after taking account of rounding, the Company will purchase a total of 15,553,147 Shares at the Tender Price of 953.60 pence per share.

Eligible Shareholders who validly tendered a percentage of their Shares equal to or less than their Basic Entitlement to tender 25% of their registered shareholding shall have all tendered Shares purchased in full under the Tender Offer. A total of 9,938,378 of Basic Entitlement shares were tendered out of the 15,553,147 available.

Eligible Shareholders who validly tendered Excess Applications shall have the whole of their Basic Entitlement and approximately 28% of their Excess Applications purchased pursuant to the Tender Offer. A total of 20,023,311 of Excess Entitlement shares were tendered.

Once the remaining conditions under the Repurchase Agreement have been met, 15,553,147 Shares will therefore be purchased by Singer Capital Markets Securities Limited ("Singer Capital Markets") at the Tender Price. Under the terms of the Repurchase Agreement, Singer Capital Markets shall sell the Shares purchased to the Company pursuant to the Tender Offer at the Tender Price. The Shares purchased by the Company pursuant to the Repurchase Agreement will be cancelled.

The Tender Price is 98% of the NAV per Share as at close of business on the Calculation Date, less the pro rata costs of the Tender Offer, as more particularly set out in the Circular. The 2% discount to the NAV applied to the tendered Shares will result in an uplift in the NAV per Share of continuing holders of approximately 0.67%.

As set out in the Circular, it is anticipated that the proceeds payable to Shareholders whose tendered Shares are held through CREST accounts are expected to be made on 27 June 2025 and that cheques for the certificated Shares purchased under the Tender Offer will be despatched on the same date.

Total Voting Rights

Following the completion of the Tender Offer, the Company will have 73,248,154 Shares in issue (including 26,588,712 Shares held in treasury). Therefore, the total number of voting rights in the Company will be 46,659,442 and this figure may be used by Shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement have the meanings given in the Tender Circular unless the context otherwise requires.

For further information, please contact:

LEI - 549300XN7RXQWHN18849