Loan repayment

The Board of Fidelity European Values PLC announces that on 22 June 2010 the
Company repaid the €40,000,000 fixed term loan facility with LloydsTSB Bank plc
which matured on that date.

The Company now has the following loans in place:-

€65,000,000 at 4.38% with Barclays Bank PLC repayable on 15 December 2011

€25,000,000 revolving credit facility (currently nil drawn down) with a final
repayment date on 15 December 2011

Enquiries:

Rebecca Burtonwood, FIL Investments International, Company Secretary 01737 836
869

22 June 2010