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Annual Results Announcement 2025

Fidelity

Fidelity - Investment Team

Final Results for the year ended 31 December 2025

The Board of Fidelity European Trust PLC (the “Company”) recommends a final dividend of 6.00 pence which together with the interim dividend payment of 3.90 pence per share (totalling 9.90 pence) represents an increase of 8.8% over the total dividend of 9.10 pence paid in the prior year.

During the year ended 31 December 2025, the Company reported a net asset value (NAV) total return of +16.2% and a share price total return of +21.1%.

The Company’s Benchmark, the FTSE World Europe ex UK Index, rose by 27.9% over the same period.

Positive contributors to performance included financial holdings and gearing.

The Portfolio Managers believe equities remain attractively valued relative to US peers.