Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 19 January 2009
repurchased for cancellation 35,900 of its own shares at a price of 942.76
pence per share. The total number of shares now in issue is 54,342,786.

Rebecca Burtonwood

For and on behalf of FIL Investments International

Company Secretary

01737 836869

20 January 2009