Compliance with Model Code

Fidelity European Values PLC

Transactions in a close period - Listing Rule 15.5.1

Pursuant to LR15.5.1(4) the Company is satisfied that all inside information
which the Directors and the Company may have in the period leading up to the
announcement of the Company's annual results 31 December 2011 has previously
been notified to PRNewswire (a Regulated Information Service).

Rebecca Burtonwood

For and on behalf of FIL Investments International

Company Secretary

01737 836869

3 January 2011