Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 1 May 2008
repurchased for cancellation 40,000 of its own shares at a price of 1319.3
pence per share. The total number of shares now in issue is 56,343,751.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International

Company Secretary

01737 836869

1 May 2008