Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 20 May 2008
repurchased for cancellation 37,400 of its own shares at a price of 1394.25
pence per share. The total number of shares now in issue is 55,914,851.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International

Company Secretary

01737 836869

20 May 2008