The European Equity Fund, Inc. Announces Results of Annual Meeting of Stockholders

The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”) announced today the results of its Annual Meeting of Stockholders held on June 22, 2023.

Each of the two Class III Directors nominated by the Board of Directors, Dr. Wolfgang Leoni and Mr. Bernhard Koepp, was elected to serve a term of three years and until his successor is elected and qualities. Stockholders also ratified the appointment of Ernst & Young LLP as the independent auditors for the Fund for its 2023 fiscal year. Stockholders did not approve the proposal regarding the ownership threshold required for stockholders to call a special meeting of stockholders.

A copy of the portfolio manager’s presentation from the meeting is posted to the Fund’s website at www.dws.com.

For more information on the Fund, including its most recent month-end performance, visit dws.com or call [phone].

For more information on the Fund, including its most recent month-end performance, visit dwsfunds.com or call [phone].

Important Information

The Fund is diversified and primarily focuses its investments in equity securities of issuers domiciled in Europe, thereby increasing its vulnerability to developments in that region. Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Any fund that concentrates in a particular segment of the market or a particular geographical region will generally be more volatile than a fund that invests more broadly.

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 net asset value. The price of the fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.

War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the funds and their investments.

The European Union, the United States and other countries have imposed sanctions on Russia in response to Russian military and other actions in recent years. These sanctions have adversely affected Russian individuals, issuers and the Russian economy. Russia, in turn, has imposed sanctions targeting Western individuals, businesses and products. The various sanctions have adversely affected, and may continue to adversely affect, not only the Russian economy, but also the economies of many countries in Europe, including countries in Central and Eastern Europe. The continuation of current sanctions or the imposition of additional sanctions may materially adversely affect the value of the Funds’ portfolio.