TR European Growth Trust PLC announces a share repurchase program. Under the plan, the company will repurchase up to 7,491,386 ordinary shares, representing 14.99% of its issued share capital. The maximum price (exclusive of expenses) which may be paid for an ordinary share shall not exceed the higher of, either 105% of the average of the middle market quotations for the shares as taken from the London Stock Exchange Daily Official List for the five business days preceding the date of purchase, or the higher of the last independent bid and the highest current independent bid on the London Stock Exchange.

The minimum price (exclusive of expenses) which may be paid for an ordinary share shall be 12.5p, being the nominal value per share. The plan will expire at the conclusion of the Annual General Meeting of the company in 2013, or, if earlier, on the expiry of 18 months, unless renewed. As of October 4, 2013, the company has 49,975,897 shares in issue.