Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 31 May 2007
repurchased for cancellation 29,000 of its own shares at a price of 1,385.00
pence per share. The total number of shares now in issue is 61,258,551.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

01737 836869

1 June 2007