Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 24 January 2011
repurchased for cancellation 25,000 of its own shares at a price of 1137.13p
pence per share. The total number of shares now in issue is 49,284,986.

Anchna Devi

For and on behalf of FIL Investments International

Company Secretary

01737 837132

24 January 2011