Portfolio Update

Fidelity European Values PLC

3 January 2013

Pursuant to Listing Rule LR 15.6.8R, Fidelity European Values PLC announces
that, as at 31 December 2012, its investments in other listed investment
companies (including listed investment trusts) which themselves do not have
stated investment policies to invest no more than 15% of their total assets in
other listed investment companies (including listed investment trusts) were as
follows:-

Name of Security % of gross assets

3i Group 1.80

Contact for queries:

Name: David Fallon, FIL Investments International

Telephone: [phone]