Directorate Change

Fidelity European Values PLC (“the Company”)

Directorate Changes

The Board is pleased to announce the appointment of Paul Yates as a non-executive Director of the Company with effect from 6^th March 2017. He will also serve as a member of the Management Engagement and Audit Committees of the Board.

Mr Yates has had a long career in investment management beginning at Samuel Montagu & Co in 1980. He joined Phillips and Drew in 1985, being the year that it was acquired by UBS. He then held a number of positions at UBS, covering management, portfolio management, pensions, strategy and client service. He was CEO of UBS Global Asset Management (UK) Limited between 2001 and 2005 and after undertaking a number of global roles at UBS, he retired in 2007.

He is Chairman of the Advisory Board of 33 St James’s Limited and is a non-executive director of Aberdeen UK Tracker Trust plc and The Merchants Trust plc.

As at the date of this announcement, Mr Yates has no interest in the ordinary shares of the Company. There is no other information to be disclosed pursuant to LR 9.6.13R.

After fifteen years serving as a non-executive Director, Simon Fraser will be stepping down from the Board at the Annual General Meeting of the Company to be held on 15 May 2017.

Bonita Guntrip
FIL Investments International
Company Secretary
Tel:  [phone]

7 March 2017