The European Equity Fund Announce Conference Call

NEW YORK--(Business Wire)--
The European Equity Fund, Inc.(NYSE: EEA) (the "Fund") announced today that on
Monday, July 6, 2009 at 3:00 p.m. EST, it will hold a conference call to discuss
the Fund and the developments in the region in which the Fund invests.

The Portfolio Manager of the Fund, Mr. Ralf Oberbannscheidt, will make a
presentation and then respond to investor questions.

Time: 3:00 p.m. EST (U.S.)
Call Number: U.S.A. participants please dial 1866 802-4305
Chairperson: Mr. Ralf Oberbannscheidt, Portfolio Manager
Presentation: A slide presentation will be available prior to the conference call which participants can download from the website of the Fund at http://www.dws-investments.com

The European Equity Fund, Inc. is a diversified, closed-end investment company
seeking long-term capital appreciation through investment primarily (normally at
least 80% of its assets) in equity and equity-linked securities of companies
domiciled in European countries utilizing the Euro currency.

Closed-end funds, unlike open-end funds, are not continuously offered. There is
a one-time public offering and once issued, shares of closed-end funds are sold
in the open market through a stock exchange. Shares of closed-end funds
frequently trade at a discount to the net asset value. The price of a fund`s
shares is determined by a number of factors, several of which are beyond the
control of the fund. Therefore, a fund cannot predict whether its shares will
trade at, below or above net asset value.

Investments in funds involve risk. Additional risks are associated with
international investing, such as government regulations and differences in
liquidity which may increase the volatility of your investment. Foreign security
markets generally exhibit greater price volatility and are less liquid than the
US market. Additionally, this fund focuses its investments in certain
geographical regions, thereby increasing its vulnerability to developments in
that region and potentially subjecting the fund`s shares to greater price
volatility. Some funds have more risk than others. These include funds that
allow exposure to or otherwise concentrate investments in certain sectors,
geographic regions, security types, market capitalization or foreign securities
(e.g., political or economic instability, which can be accentuated in emerging
market countries).

This press release shall not constitute an offer to sell or a solicitation to
buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer or solicitation or sale would be unlawful prior
to registration or qualification under the laws of such state or jurisdiction.

NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

DWS Investments is part of Deutsche Bank`s Asset Management division and, within
the US, represents the retail asset management activities of Deutsche Bank AG,
Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas
Inc. and DWS Trust Company.

R-12351-1 (6/09)

Deutsche Bank Press Office (212) 454-2085
Shareholder Account Information (800) 294-4366
DWS Closed-End Funds (800) 349-4281

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