Net Asset Value(s)

Daily NAV Announcement

Fidelity European Values Plc

The net asset value (unaudited), with securities valued at mid, for the above
fund at midday on 14/06/2006 was:

With debt at par: 1,032.67p.

With debt at fair value:  1,033.33p.

NB. Revenue to date is included in the Net Asset Value calculation.