Result of AGM

Fidelity European Values PLC - results of Annual General Meeting  

At the Company's Annual General Meeting held on 19 May 2005, all resolutions
were duly passed.

The resolutions passed as Special Business were as follows:

- The Directors' authority to allot a limited number of currently unissued
ordinary shares for cash, without first offering such shares to existing
ordinary shareholders pro-rata to their existing holdings, has been renewed.

- The Company's authority to purchase up to 14.94% of its own shares in issue
on 28 February 2005 for cancellation has been renewed. The maximum number of
shares to be purchased is 9,400,000 ordinary shares.

- That the Company continue to carry on business as an investment trust.

- That the aggregate of all fees paid to the Directors (excluding amounts
payable under any other provision of the Company's Articles of Association)
shall not exceed £150,000 per annum.

Contact for queries:

Name: Rebecca Burtonwood, Fidelity Investments International

Telephone: [phone]