Portfolio Update

Fidelity European Values PLC

23 October 2014

Pursuant to Listing Rule LR 15.6.8R, Fidelity European Values PLC announces
that, as at 30 September 2014, 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 1.843

Contact for queries:

Name: Christopher Pirnie, FIL Investments International

Telephone: [phone]