Appointment

Fidelity European Values PLC
7 November 2001


The Board of Fidelity European Values PLC is pleased to announce that Mr Johan
Bjorkman has been appointed as a non-executive director of the Company with
effect from 6 November 2001.

Mr Bjorkman's current directorships are set out below:-

LjungbergGruppen AB (chairman)

Skanditek Industriforvaltning AB (chairman)

Invik AB

Mr Bjorkman's past directorships over the last five years are set out below:-

G & L Beijer

O M Gruppen

Axis

Kinnevik

END OF ANNOUNCEMENT