FIDELITY EUROPEAN VALUES PLC

Announcement of Interim Dividend

The Board of Fidelity European Values PLC is pleased to announce the payment of
an interim dividend of 1.5 pence per share.

The interim dividend will be payable on 31 March 2004 to shareholders on the
register at close of business on 30 January 2004 (ex-dividend date 28 January
2004).



END