European Assets Trust PLC announced that as part of the Board's plan to ensure an orderly succession Laurence Jacquot will retire from the Board at the conclusion of the Company's forthcoming Annual General Meeting. Laurence has served on the Board of this Company and its predecessor, European Assets Trust NV, since 12 May 2011. Her understanding of investment management has been an invaluable contribution to the Board. As a further part of the succession plan and following a rigorous selection process Ms. Pui Kei Yuen was appointed to the Board with effect from 26 February 2021. Pui Kei has over 20 years' experience in the fund management and investment banking industries at Mercury Asset Management, UBS and Bank of America Merrill Lynch. Her roles included UK institutional equity portfolio management and research, and Pan-European responsibilities for equity sales advising a large range of institutional investors and hedge funds. She is currently a director of Capital for Business Ltd. A resolution for her continuing appointment will be raised at the Company's Annual General Meeting.