Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 16 January 2007
repurchased 56,000 of its own shares for cancellation at a price of 1,213.74
pence per share. The total number of shares now in issue is 62,326,529.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

16 January 2007