Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 26 July 2007
repurchased for cancellation 20,000 of its own shares at a price of 1,305.0
pence per share. The total number of shares now in issue is 60,488,051.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

01737 836869

26 July 2007