Govett Enhanced Income Investment Trust PLC

Announcement under UKLA listing rule 21.20(l)

1. As at 31 December 2003, the Company had the following investments in
companies that do not have a stated investment policy to invest no more than
15% of their gross assets in other UK listed investment companies (including
investment trusts) and which must therefore be disclosed in accordance with
UKLA Listing Rule 21.20(l)(i):

BFS ABSOLUTE RETURN TST GRD ORD UTS (COMP1 CAP & I)                    
                                                                       
BFS MANAGED PROPERTIES ORD GBP0.25                                     
                                                                       
BRITANNIC UK INCOME ORD GBP0.01                                        
                                                                       
BFS SMALL COMPANIES DIVIDEND TRUST ORD 25P                             
                                                                       
EXETER ENHANCED INCOME ORD 25P                                         
                                                                       
EXETER SELECTIVE ASSET ORD GBP0.01                                     
                                                                       
FRAMLINGTON GLOBAL FINANCIAL & INCOME FND                              
                                                                       
GARTMORE BALANCED ASSETS TRUST ORD GBP1                                
                                                                       
GEARED OPPORTUNITIES INC TRUST ORD 1P                                  
                                                                       
LMI AMERICAN ASSETS TRUST ORD GBP0.10                                  
                                                                       
LEGG MASON INV INCOME & GROWTH REDEEMABLE PREF SHS                     
                                                                       
MEDIA & INCOME TRUST ORD GBP0.025                                      
                                                                       
MURRAY JAPAN GROWTH & INCOME FUND WTS TO SUB FOR ORD                   
                                                                       
RECOVERY TRUST INC SHS ORD GBP0.01                                     
                                                                       
QUARTERLY HIGH INCOME TRUST ORD GBP0.25                                
                                                                       
US GROWTH & INCOME TRUST ORD GBP0.25                                   

The aggregate value of the investments listed above represents less than 1.4%
of the Company's gross assets at 31 December 2003.

2. In accordance with UKLA Listing Rule 21.20(l)(ii), the Company's ten largest
investments as at 31 December 2003, were:

Company                                                  �'000    Percentage of
                                                                   Gross Assets
                                                                               
SHELL TRANSPORT & TRADING ORD GBP0.25 (REGD)             5,315              7.1
                                                                               
HSBC HOLDINGS ORD USD0.50 (UK REGD)                      5,189              6.9
                                                                               
BP ORD USD0.25                                           5,168              6.9
                                                                               
HBOS ORD GBP0.25                                         3,106              4.2
                                                                               
LLOYDS TSB GROUP ORD GBP0.25                             2,946              3.9
                                                                               
NORTHERN ROCK ORD GBP0.25                                1,552              2.1
                                                                               
ALLIANCE & LEICESTER ORD GBP0.50                         1,549              2.1
                                                                               
IMI ORD GBP0.25                                          1,525              2.0
                                                                               
BT GROUP PLC GBP0.05                                     1,465              2.0
                                                                               
RIO TINTO ORD GBP0.10                                    1,409              1.9



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