Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 23 January 2007
repurchased 11,000 of its own shares for cancellation at a price of 1,201.93
pence per share. The total number of shares now in issue is 62,266,529.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

24 January 2007