Annual Information Update

Fidelity European Values PLC                          

In accordance with Prospectus Rule 5.2, the information published during the
period 1 January 2006 to 27 March 2007 in respect of Fidelity European Values
PLC is as follows:-

Further details may be obtained from the Company Secretary or from the London
Stock Exchange website (www.londonstockexchange.com/rns)

All of the information was notified via PRNewswire. Please note that some of
the information announced during the period may now be out of date.

The Company's net asset values have been announced each business day during the
past year. These are not separately noted in the schedule below.

Notifiable event                                                 Date of       
                                                                 announcement  
                                                                               
Portfolio update as at 31 December 2005                          03.01.06      
                                                                               
Major shareholding - Barclays PLC                                18.01.06      
                                                                               
Confirmation of filing monthly factsheet as at 31 December 2005  01.02.06      
                                                                               
Major shareholding - Barclays PLC                                01.02.06      
                                                                               
Amendment re Management Agreement                                07.02.06      
                                                                               
Major shareholding - Barclays PLC                                14.02.06      
                                                                               
Final results 2005                                               07.03.06      
                                                                               
Confirmation of filing monthly factsheet as at 31 January 2006   09.03.06      
                                                                               
Annual Information Update                                        09.03.06      
                                                                               
Director shareholding - David Simpson                            09.03.06      
                                                                               
Blocklisting return - interim review                             09.03.06      
                                                                               
Director shareholding - David Simpson                            16.03.06      
                                                                               
Confirmation of filing annual report and proxy form with FSA     03.04.06      
                                                                               
Portfolio update as at 31 March 2006                             04.04.06      
                                                                               
Confirmation of filing monthly factsheet as at 28 February 2006  04.04.06      
                                                                               
Confirmation of filing monthly factsheet as at 31 March 2006     02.05.06      
                                                                               
Confirmation of filing monthly factsheet as at 30 April 2006     22.05.06      
                                                                               
Blocklisting return - interim review for ISA and Share Plan      17.05.06      
                                                                               
Results of AGM                                                   19.05.06      
                                                                               
Confirmation of filing resolutions passed at AGM with FSA        22.05.06      
                                                                               
Confirmation of filing monthly factsheet as at 31 May 2006       19.06.06      
                                                                               
Director shareholding - Simon Fraser                             02.06.06      
                                                                               
Director shareholding - David Simpson                            02.06.06      
                                                                               
Director shareholding - David Simpson                            07.06.06      
                                                                               
Portfolio update as at 30 June 2006                              05.07.06      
                                                                               
Confirmation of filing monthly factsheet as at 30 June 2006      31.07.06      
                                                                               
Interim results                                                  03.08.06      
                                                                               
Filing of interim report 2006 with FSA                           16.08.06      
                                                                               
Confirmation of filing monthly factsheet as at 31 July 2006      21.08.06      
                                                                               
Blocklisting return - interim review                             14.09.06      
                                                                               
Confirmation of filing monthly factsheet as at 31 August 2006    29.09.06      
                                                                               
Purchase of 40,000 shares                                        09.10.06      
                                                                               
Purchase of 44,500 shares                                        11.10.06      
                                                                               
Confirmation of filing monthly factsheet as at 30 September 2006 25.10.06      
                                                                               
Portfolio update as at 30 September 2006                         03.10.06      
                                                                               
Purchase of 24,789 shares                                        01.11.06      
                                                                               
Confirmation of filing monthly factsheet as at 31 October 2006   24.11.06      
                                                                               
Purchase of 19,123 shares                                        03.11.06      
                                                                               
Blocklisting interim return for ISA and share plan               17.11.06      
                                                                               
Purchase of 22,000 shares                                        11.12.06      
                                                                               
Purchase of 10,000 shares                                        12.12.06      
                                                                               
Purchase of 25,000 shares                                        18.12.06      
                                                                               
Purchase of 50,000 shares                                        19.12.06      
                                                                               
Purchase of 15,000 shares                                        19.12.06      
                                                                               
Purchase of 22,169 shares                                        20.12.06      
                                                                               
Fixed Term Loan of €65 million with Barclays and Revolving       21.12.06      
Credit Facility of €25 million with Lloyds TSB                                 
                                                                               
Confirmation of filing monthly factsheet as at 30 November 2006  21.12.06      
                                                                               
Purchase of 185,000 shares                                       22.12.06      
                                                                               
Loan - draw down of €80 million                                  29.12.06      
                                                                               
Voting Rights and Capital                                        29.12.06      
                                                                               
Portfolio update as at 31 December 2006                          02.01.07      
                                                                               
Purchase of 43,000 shares                                        04.01.07      
                                                                               
Voting Rights and Capital - further announcement following buy   04.01.07      
back of shares for cancellation                                                
                                                                               
Purchase of 7,500 shares                                         05.01.07      
                                                                               
Voting Rights and Capital - further announcement following buy   05.01.07      
back of shares for cancellation                                                
                                                                               
Blocklisting return - interim review                             10.01.07      
                                                                               
Purchase of 12,623 shares                                        12.01.07      
                                                                               
Voting Rights and Capital - further announcement following buy   12.01.07      
back of shares for cancellation                                                
                                                                               
Purchase of 56,000 shares                                        16.01.07      
                                                                               
Voting Rights and Capital - further announcement following buy   16.01.07      
back of shares for cancellation                                                
                                                                               
Purchase of 19,000 shares                                        17.01.07      
                                                                               
Voting Rights and Capital - further announcement following buy   17.01.07      
back of shares for cancellation                                                
                                                                               
Confirmation of filing monthly factsheet as at 31 December 2006  17.01.07      
                                                                               
Purchase of 30,000 shares                                        23.01.07      
                                                                               
Purchase of 11,000 shares                                        24.01.07      
                                                                               
Purchase of 27,500 shares                                        25.01.07      
                                                                               
Purchase of 54,478 shares                                        26.01.07      
                                                                               
Purchase of 13,500 shares                                        29.01.07      
                                                                               
Purchase of 28,000 shares                                        30.01.07      
                                                                               
Purchase of 35,000 shares                                        31.01.07      
                                                                               
Voting Rights and Capital as at 31 January 2007                  01.02.07      
                                                                               
Purchase of 35,000 shares                                        01.02.07      
                                                                               
Purchase of 12,000 shares                                        06.02.07      
                                                                               
Purchase of 25,000 shares                                        07.02.07      
                                                                               
Purchase of 25,000 shares                                        08.02.07      
                                                                               
Purchase of 100,000 shares                                       09.02.07      
                                                                               
Purchase of 10,000 shares                                        16.02.07      
                                                                               
Directorate Change (death of Johan Björkman)                     19.02.07      
                                                                               
Substantial shareholder notification - Legal and General Group   19.02.07      
plc                                                                            
                                                                               
Purchase of 45,000 shares                                        20.02.07      
                                                                               
Confirmation of filing monthly factsheet as at 31 January 2007   21.02.07      
                                                                               
Purchase of 22,000 shares                                        22.02.07      
                                                                               
Voting Rights and Capital as at 28 February 2007                 01.03.07      
                                                                               
Final results 2006                                               02.03.07      
                                                                               
Purchase of 50,000 shares                                        06.03.07      
                                                                               
Blocklisting return - ISA                                        14.03.07      
                                                                               
Substantial shareholder notification - Lloyds TSB Group plc      19.03.07      
                                                                               
Confirmation of filing monthly factsheet as at 28 February 2007  20.03.07      
                                                                               
Purchase of 27,000 shares                                        23.03.07      
                                                                               
Purchase of 25,000 shares                                        26.03.07      

Contact details for queries:

Rebecca Burtonwood

For and on behalf of

Fidelity Investments International

Company Secretary

01737 836 869