Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 24 May 2007
repurchased for cancellation 43,000 of its own shares at a price of 1,370.00
pence per share. The total number of shares now in issue is 61,287,551.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

01737 836869

24 May 2007