This event represents a milestone in the history of the company in Luxembourg but also an investment into future business and product development. Initially, the Luxembourg office opened in 1991 with 10 employees and has grown to around 150 as of today.

Marc Wathelet, Head of Site in Luxembourg, who was part of the original group, says: “Our team has grown substantially and taken on a much greater set of responsibilities. We have enlarged our product offering over the years and Luxembourg plays a central role in supporting the distribution of our SICAV products in Europe, the Middle East and Asia. Moving into the new infrastructure is essential to keep at the forefront of our customer needs as well as to enable us to provide modern and flexible solutions to our distributors.

The Fidelity flagship product, the Fidelity Funds SICAV, is domiciled in Luxembourg. With almost EUR 60 billions assets under management, it is distributed in more than 30 countries across the world and is one of the largest SICAVs in Luxembourg*.

The new office details, as of 30th June are:

FIL (Luxembourg) S.A.

2a, rue Albert Borschette

BP 2174

L-1021 Kirchberg, Luxembourg

Tel:  +352 25 04 04 1

Fax: +352 26 38 39 38

About Fidelity International

Fidelity International (“FIL”) serves the major markets of the world by providing investment products and services to individuals and institutional investors outside the US. FIL’s diverse products and services include funds investing in equities, fixed income, property securities and money market funds as well as institutional portfolio management and a growing Real Estate Business. FIL’s programme of overseas expansion has continued and today we have a network of international covering all the major world stock markets.  The hallmark of the money management style at Fidelity is an abiding commitment to fundamental, bottom-up research on companies before we in invest. Fidelity has one of the largest in-house research teams to facilitate stock selection with over 600 investment professionals**. The FIL organisation manages a total of € 167.1 billion of assets***.

 

* Source: Fidelity Investment Administration (as per 31.05.2008)

** These figures reflect the resources of FIL Limited, and its subsidiaries, and FMR LLC and affiliate, and its subsidiaries. Research Professionals include associates and analysts, country and sector fund managers who retain research responsibility and technical and quantitative analysts who are part of the Equity Research groups. Source: FIL Limited and FMR LLC, 31/12/2007. Data is unaudited.

*** FIL Limited, as per 31-03-008