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PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.


FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER CONFERENCE CALL FOR FIRST
TRUST DYNAMIC EUROPE EQUITY INCOME FUND

WHEATON, IL -- (BUSINESS WIRE) -- June 28, 2016 -- First Trust Advisors L.P.
("FTA") announced today that First Trust Dynamic Europe Equity Income Fund
(NYSE: FDEU) (the "Fund") intends to host a conference call with Henderson
Global Investors (North America) Inc. and Henderson Investment Management
Limited, the Fund's investment sub-advisors, on TUESDAY, JULY 12, 2016, AT 10:00
A.M. CENTRAL TIME. The purpose of the call is to hear the Fund's sub-advisors
provide an update for the market and the Fund.

--    Dial-in Numbers: (888) 461-2018; International (719) 785-1759; and
      Passcode # 246854. Please call 10 to 15 minutes before the scheduled start
      of the teleconference.

--    Telephone Replay: (888) 203-1112; and International (719) 457-0820
      Passcode # 4392887. The replay will be available after the call until
      11:59 P.M. Eastern Time on Friday, August 12, 2016.

The Fund is a non-diversified, closed-end management investment company that
seeks to provide a high level of current income with a secondary focus on
capital appreciation. The Fund seeks to achieve its investment objectives by
investing at least 80% of its managed assets in a portfolio of equity securities
of European companies of any market capitalization, including, but not limited
to, common and preferred stock that pay dividends, depositary receipts and real
estate investment trusts. The Fund seeks to focus its equity investments on
income producing securities. The Fund utilizes a dynamic currency hedging
process, which includes, at the discretion of the portfolio managers, the use of
forward foreign currency exchange contracts to hedge a portion of the Fund's
currency exposure. To generate additional income, the Fund writes (or sells)
call options on portfolio equity securities and certain broad-based securities
indices in an amount up to 40% of the value of its managed assets.

First Trust Advisors L.P., the Fund's investment advisor, along with its
affiliate, First Trust Portfolios L.P., are privately-held companies which
provide a variety of investment services, including asset management and
financial advisory services, with collective assets under management or
supervision of approximately $97 billion as of May 31, 2016 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.

Henderson Global Investors (North America) Inc. ("Henderson") serves as the
Fund's investment sub-advisor. Henderson is an indirect, wholly-owned subsidiary
of Henderson Group plc ("Henderson Group"), a London-based global investment
management firm that provides a full spectrum of investment products and
services to clients around the world. First Trust Advisors L.P. and Henderson
have engaged Henderson Investment Management Limited, a registered investment
adviser and an indirect, wholly-owned subsidiary of Henderson Group, as the
sub-sub-advisor responsible for certain investment decisions of the Fund. With
offices in 19 cities and more than 1,000 employees worldwide, Henderson Group
managed approximately $133.3 billion in assets as of March 31, 2016.

If you have questions about the Fund that you would like answered on the call,
please email your questions to cefquestions@ftadvisors.com in advance of the
call and refer to FDEU, by Friday, July 8, 2016, 10:00 A.M. Central Time.

Past performance is no assurance of future results. Investment return and market
value of an investment in the Fund will fluctuate. Shares, when sold, may be
worth more or less than their original cost.

Principal Risk Factors: Investment in this Fund involves no operating history
risk, is not a complete investment program, investment and market risk, market
discount from net asset value risk, conversion risk, non-diversified status
risk, management risk and reliance on key personnel, common stock risk, non-U.S.
securities risk, European markets risk, emerging markets risk, foreign currency
risk, geographic concentration risk, market disruption and geopolitical risk,
redenomination risk, preferred stock risk, real estate investment trust risk,
credit and below investment grade securities risk, fixed income securities risk,
U.S. government debt securities risk, non-U.S. Government debt securities risk,
illiquid and restricted securities risk, income risk, derivative transactions
risk, option overlay strategy risk, forward foreign currency exchange contracts
risk, counterparty risk, leverage risk, initial public offering ("IPO") risk,
quarterly special distribution program risk, valuation risk, inflation/deflation
risk, portfolio turnover risk, potential conflicts of interest risk, tax risk,
risk related to anti-takeover provisions and secondary market for the Fund's
common shares.

The risks of investing in the Fund are spelled out in the prospectus,
shareholder report and other regulatory filings.

The Fund's daily closing New York Stock Exchange price and net asset value per
share as well as other information can be found at www.ftportfolios.com or by
calling (800) 988-5891.


CONTACT: JEFF MARGOLIN - (630) 915-6784

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Source:  First Trust Advisors L.P.