Issue of Equity

Fidelity European Values PLC 12 December 2001 Fidelity European Values PLC announces that on 12 December 2001 the Company allotted 2,202 ordinary 25p shares at a price of 544 pence per share (which represents a premium in excess of 2% over the latest net asset value). This was in respect of shares purchased through the Fidelity Share Plan. The new shares will rank pari passu with existing ordinary 25p shares. The total number of ordinary 25p shares now in issue is 62,841,530.
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