Baillie Gifford European Growth Trust Plc (BGEU) ORD GBP0.025

Baillie Gifford European Growth Trust plc is a United Kingdom-based investment company. The Company's investment objective is to achieve capital growth over the long term from a diversified portfolio of European securities, irrespective of where they are listed. The Company is invested in a diversified portfolio of between 30 to 60 European companies. The Company may not invest more than 10% of its total assets in any one individual stock at the time of investment. No more than 10% of the total assets of the Company may be invested in other listed investment companies (including investment trusts) except in those that have stated that they will invest no more than 15% of their total assets in other listed investment companies. In this case, the limit is 15%. The Company's investment sectors include utilities, real estate, materials, consumer discretionary, information technology, industrials, and others. The Company’s alternative investment fund manager is Baillie Gifford & Co Limited.

To achieve attractive investment returns over the long term from a diversified portfolio of European securities.

• Ongoing charge0.65%
• Annual management charge0.55% of Net Assets
• Performance feeNo

As set out in the heads of terms signed by the Company and Baillie Gifford, Baillie Gifford will be paid an annual management fee of 0.55% p.a. of the lower of the Companys market capitalisation and the Companys net asset value which shall include income, in either case up to GBP 500m and 0.5%p.a. of the amount of the lower of the Companys market capitalisation or net asset value above GBP 500m. The Investment Management Agreement is terminable on not less than three months notice or on shorter notice in certain circumstances.