Annual Report and Accounts

Fidelity European Values PLC

23 March 2005

Annual Report for the year to 31 December 2004 and accompanying proxy form

Copies of the above documents have been submitted to the UK Listing Authority,
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel: [phone]

(Documents will usually be available for inspection within six normal business
hours of this notice being given).