REG-Gartmore European: Transaction in Own Shares

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Gartmore European Investment Trust p.l.c. (The "Company")

Market Purchase by the Company of its Own Shares

Shares Bought Back to be held in Treasury

Gartmore European Investment Trust p.l.c., managed by Gartmore Investment
Limited, yesterday (30 July 2008) purchased 35,000 Ordinary 50p shares at a
price of 552.00 pence per share to be held in Treasury.

The purchase represents 0.12% of Ordinary shares in issue and is the
fifty-third purchase of Ordinary shares pursuant to a general authority granted
at the Annual General Meeting of the Company on 1 February 2008.

The purchase will reduce the number of Ordinary shares in issue that have full
voting rights to 30,043,662.

The Company's called-up share capital will continue to be 33,204,149 Ordinary
shares, of which 3,160,487 (9.52%) are held in Treasury and have no voting
rights.4

Total Voting Rights

The figure of 30,043,662 Ordinary shares, having full voting rights may be used
by holders as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to their interest
in, the Company under the Disclosure and Transparency Rules.

Gartmore Investment Limited

Company Secretary

31 July 2008

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