AGM Statement

Fidelity Asian Values PLC

At the Company's Annual General Meeting held on 7 December 2007 all 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 11 October 2007;

- A Special Resolution granting the Directors authority to allot equity
securities for cash without first offering such shares to existing ordinary
shareholders pro-rata to their existing holdings provided this authority is
limited:

to the allotment of equity securities in connection with a rights issue;

to the allotment of equity securities (other than pursuant to a rights issue)
up to an aggregate nominal amount of 5,313,600 - some 5% of the issued share
capital of the Company on 11 October 2007; and

to the allotment of equity securities at a price of not less than the fully
diluted net asset value per share.

- A Special Resolution granting the Company authority to purchase up to 14.99%
of its own shares as at the date of the passing of this resolution for
cancellation. The maximum number of shares covered by this resolution is
15,463,264.

7 December 2007

Graham Symonds

Fidelity Investments International

01737 837345