AGM Statement

Fidelity European Values PLC - results of Annual General Meeting  

At the Company's Annual General Meeting held on 19 May 2006, all resolutions
were duly passed.

The resolutions passed as Special Business were as follows:

- The Directors' authority to allot a limited number of currently unissued
ordinary shares for cash, without first offering such shares to existing
ordinary shareholders pro-rata to their existing holdings, has been renewed.

- The Company's authority to purchase up to 14.94% of its own shares in issue
on 6 March 2006 for cancellation has been renewed. The maximum number of shares
to be purchased is 9,400,000 ordinary shares.

Contact for queries:

Name: Rebecca Burtonwood, Fidelity Investments International

Telephone: [phone]