Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 21 December 2007
repurchased for cancellation 77,000 of its own shares at a price of 1332.87
pence per share. The total number of shares now in issue is 59,030,551.

Mrs Tracey A Cousins

For and on behalf of Fidelity Investments International,

Company Secretary

01737 836883

21 December 2007