Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 29 January 2007
repurchased 13,500 of its own shares for cancellation at a price of 1,221 pence
per share. The total number of shares now in issue is 62,171,051.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

29 January 2007