Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 24 December 2007
repurchased for cancellation 27,000 of its own shares at a price of 1349.2
pence per share. The total number of shares now in issue is 59,003,551.

Mrs Tracey A Cousins

For and on behalf of Fidelity Investments International,

Company Secretary

01737 836883

24 December 2007