IEO Inv.Euro.G&I

    Please note that this announcement has been sent out in error. A copy of the
Circular to shareholders will be circulated shortly.



Investec European Growth & Income Trust (the "Company")

Following the announcement on 30 June 2004 outlining the proposals for the
voluntary winding-up of Investec European Growth & Income Trust, the Company
has today circulated a circular to Ordinary Shareholders and Zero Dividend
Preference Shareholders.

Expected Timetable

Latest time and date for receipt of Forms of                     22 August 2004
Proxies for the Extraordinary General Meeting                                  
                                                                               
Extraordinary General Meeting of the Company                     24 August 2004
                                                                               
Suspension of Shares                                             25 August 2004
                                                                               
De-listing of Shares from the Official List and          8.00 am 26 August 2004
CISX                                                                           
                                                                               
Expected initial cash distribution in liquidation             27 September 2004
to ZDP Shareholders                                                            

Enquiries:

Sheila Ozanne                                                Tel: 01481 710 404
                                                                               
Investec Asset Management Guernsey Limited                                     
                                                                               
Paul Richards                                                Tel: 020 7523 8350
                                                                               
Collins Stewart Limited                                                        

A copy of the above document has been submitted to the UK Listing Authority,
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS



END

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