Transaction in Own Shares

Fidelity European Values PLC announces that the Company on 22 June 2007
repurchased for cancellation 50,000 of its own shares at a price of 1,351.50
pence per share. The total number of shares now in issue is 60,903,551.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International,

Company Secretary

01737 836869

25 June 2007