Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 4 January 2007
repurchased 43,000 of its own shares for cancellation at a price of 1,228.00
pence per share. The total number of shares now in issue is 62,402,652.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

4 January 2007