Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 13 January 2009
repurchased for cancellation 36,878 of its own shares at a price of 998.49
pence per share. The total number of shares now in issue is 54,408,032.

Rebecca Burtonwood

For and on behalf of FIL Investments International

Company Secretary

01737 836869

14 January 2009