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 30/06/2006 was:

With debt at par: 1,154.41.

With debt at fair value:  1,155.38p.

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

The Company's valuation point will be moved from midday to close of business
with effect from 3 July 2006. Consequently the net asset value for Monday 3
July 2006 will be announced on Tuesday 4 July 2006.