Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 20 December 2007
repurchased for cancellation 41,000 of its own shares at a price of 1315.8
pence per share. The total number of shares now in issue is 59,107,551.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

01737 836869

21 December 2007