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 2012 has previously
been notified to PRNewswire (a Regulated Information Service).

Anchna Devi
For and on behalf of FIL Investments International
Company Secretary
01737 837538

2 January 2013