Portfolio Update --- Exceptions

Fidelity European Values PLC

3 March 2008

Pursuant to Listing Rule LR 15.6.8R(1), Fidelity European Values PLC announces
that, as at 29 February 2008, its investments in other listed investment
companies (including listed investment trusts) which themselves do not have
stated investment policies to invest no more than 15% of their total assets in
other listed investment companies (including listed investment trusts) were as
follows:-

Name of Security % of gross assets

BB Biotech 0.19%

Unibail-Rodamco 1.0%

Icade 0.93%

Contact for queries:

Name: Rebecca Burtonwood, Fidelity Investments International

Telephone: [phone]