Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 18 December 2006
repurchased 50,000 of its own shares for cancellation at a price of 1,206.00
pence per share. The total number of shares now in issue is 62,667,821.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

18 December 2006