Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 19 May 2008
repurchased for cancellation 37,500 of its own shares at a price of 1397.5
pence per share. The total number of shares now in issue is 55,952,251.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International

Company Secretary

01737 836869

19 May 2008