Portfolio Update

Fidelity European Values PLC

03 July 2008

Pursuant to Listing Rule LR 15.6.8R, Fidelity European Values PLC announces
that, as at 30 June 2008, its investments in other listed investment companies
(including listed investment trusts) which themselves do not have stated
investment policies to invest no more than 15% of their total assets in other
listed investment companies (including listed investment trusts) were as
follows:-

Name of Security % of gross assets

BB Biotech 0.14

Contact for queries:

Name: Rebecca Burtonwood, FIL Investments International

Telephone: [phone]