Repayment of Bank Debt

MARTIN CURRIE EUROPEAN INVESTMENT TRUST plc Repayment of Bank Debt The Company has today repaid its entire indebtedness of €14.5 million (Sterling equivalent £9.619 million) to Allied Irish Bank. This leaves the Company with no outstanding indebtedness. The repayment has incurred breakage costs of approximately £524,250. - ends - For further information, please contact: Mike Woodward Martin Currie Investment Management Ltd 0131 229 5252 mwoodward@martincurrie.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/23/20030123BIT00680/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/23/20030123BIT00680/wkr0002.pdf