Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 7 January 2008
repurchased for cancellation 26,000 of its own shares at a price of 1350 pence
per share. The total number of shares now in issue is 58,778,751.

Graham Symonds

For and on behalf of Fidelity Investments International,

Company Secretary

01737 837345

7 January 2008