AGM Statement

Fidelity Asian Values PLC 

At the Company's Annual General Meeting held on 27 November 2003 resolution 2
was withdrawn following the death of Mr Roger Hulett. All other resolutions
were duly passed.

The resolutions passed under Special Business were as follows:

- An Ordinary Resolution granting the Directors authority to allot relevant
securities up to an aggregate nominal amount being approximately 5% of the
issued share capital of the Company as at 23 September 2003.

- A Special Resolution granting the Directors authority to allot a limited
number of equity securities for cash, without first offering such shares to
existing ordinary shareholders pro-rata to their existing holdings, has been
renewed.

- A Special Resolution granting the Company authority to purchase up to 14.99%
of its own shares in issue on 23 September 2003 for cancellation has been
renewed. The maximum number of shares to be purchased is 14,016,497 ordinary
shares.

27 November 2003