Annual Information Update

Fidelity Asian Values PLC                            

In accordance with Prospectus Rule 5.2, the information published during the
period 25 October 2006 to 15 November 2007 in respect of Fidelity Asian Values
PLC is as follows:-

Further details may be obtained from the Company Secretary and the London Stock
Exchange website (www.londonstockexchange.com/rns) or the Registrar of
Companies (www.companieshouse.gov.uk).

Stock Exchange announcements

All of the information was notified via PRNewswire. Please note that some of
the information announced during the period may now be out of date.

The Company's net asset values have been announced each business day during the
past year. These are not separately noted in the schedule below.

Notifiable Event              Date Stock Exchange notified
                                                          
Confirmation of filing        25/10/2006                  
monthly factsheet with                                    
Document Disclosure team as                               
at 30.9.06 on 25.10.06                                    
                                                          
Confirmation of filing 2006   30/10/2006                  
Annual Report and Documents                               
with Document Disclosure team                             
on 30.10.06                                               
                                                          
Annual Information update:    01/11/2006                  
1.8.05 --- 13.10.06                                       
                                                          
Portfolio disclosures - top   02/11/2006                  
10 as at 31.10.06                                         
                                                          
AGM results --- 23.11.06      23/11/2006                  
                                                          
Confirmation of filing        24/11/2006                  
monthly factsheet with                                    
Document disclosure team as                               
at 31.10.06 on 24.11.06                                   
                                                          
Conversion of Securities      05/12/2006                  
                                                          
Conversion of Securities      07/12/2006                  
                                                          
Confirmation of filing with   07/12/2006                  
document disclosure team AGM                              
resolutions                                               
                                                          
Conversion of Securities      12/12/2006                  
                                                          
Replacement NAV               13/12/2006                  
                                                          
Conversion of Securities      14/12/2006                  
                                                          
Substantial shareholder       20/12/2006                  
notification (Legal and                                   
General)                                                  
                                                          
Confirmation of filing        21/12/2006                  
monthly factsheet with                                    
Document Disclosure team as                               
at 30.11.06 on 21.12.06                                   
                                                          
Director's interest --- Sir   20/12/2006                  
Victor Garland                                            
                                                          
Director's interest--- Sir    22/12/2006                  
Victor Garland                                            
                                                          
Director's interest --- Sir   22/12/2006                  
Victor Garland                                            
                                                          
Voting Rights and Capital     29/12/2006                  
                                                          
Confirmation of filing        17/01/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 31.12.06 on 17.1.07                                    
                                                          
Substantial shareholder       22/01/2007                  
notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Substantial shareholder       22/01/2007                  
notification (Mellon Nominees                             
UK Limited)                                               
                                                          
Substantial shareholder       22/01/2007                  
notification (Mellon Nominees                             
UK Limited)                                               
                                                          
Portfolio disclosures - top   02/02/2007                  
10 as at 31.1.07                                          
                                                          
Repurchase of 125,000 shares  06/02/2007                  
for cancellation on 6.2.07                                
                                                          
Substantial shareholder       06/02/2007                  
notification (Legal and                                   
General)                                                  
                                                          
Repurchase of 150,000 shares  08/02/2007                  
for cancellation on 8.2.07.                               
                                                          
Confirmation of filing        21/02/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 31.1.07 on 21.2.07                                     
                                                          
Repurchase of 200,000 shares  21/02/2007                  
for cancellation on 21.2.07                               
                                                          
Repurchase of 500,000 shares  23/02/2007                  
for cancellation on 23.2.07                               
                                                          
Voting Rights and Capital as  01/03/2007                  
at 28.2.07                                                
                                                          
Repurchase of 180,000 shares  07/03/2007                  
for cancellation on 7.3.07                                
                                                          
Repurchase of 250,000 shares  09/03/2007                  
for cancellation on 9.3.07                                
                                                          
Block Listing return          14/03/2007                  
-warrants                                                 
                                                          
Repurchase of 262,000 shares  14/03/2007                  
for cancellation on 14.3.07                               
                                                          
Substantial shareholder       16/03/2007                  
notification (Lloyds TSB)                                 
                                                          
Confirmation of filing        20/03/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 28.2.07 on 20.3.07                                     
                                                          
Repurchase of 450,000 shares  20/03/2007                  
for cancellation on 20.3.07                               
                                                          
Announcement of Interim       30/03/2007                  
Results as at 31.1.07                                     
                                                          
Voting Rights and Capital as  02/04/2007                  
at 31.3.07                                                
                                                          
Confirmation of filing        16/04/2007                  
Interim report as at 31.1.07                              
with Document Disclosure team                             
on 16.4.07                                                
                                                          
Substantial shareholder       17/04/2007                  
notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Confirmation of filing        23/04/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 31.3.07 on 23.4.07                                     
                                                          
Substantial shareholder       27/04/2007                  
notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Voting Rights and Capital as  01/05/2007                  
at 30.04.07                                               
                                                          
Repurchase of 1,000,000       01/05/2007                  
shares for cancellation on                                
30.4.07                                                   
                                                          
Substantial shareholder       01/05/2007                  
notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Portfolio disclosures - top   02/05/2007                  
10 as at 30.4.07                                          
                                                          
Confirmation of filing        17/05/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 30.4.07 on 17.5.07                                     
                                                          
Repurchase of 1,000,000       18/05/2007                  
shares for cancellation on                                
18.5.07                                                   
                                                          
Substantial Shareholder       22/05/2007                  
notification (Legal and                                   
General)                                                  
                                                          
Substantial Shareholder       22/05/2007                  
Notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Appointment of Hugh Bolland   29/05/2007                  
as a non-executive director                               
of Alliance Trust PLC                                     
                                                          
Voting Rights and Capital as  01/06/2007                  
at 31.05.07                                               
                                                          
Repurchase of 350,000 shares  04/06/2007                  
for cancellation on 4.6.07                                
                                                          
Substantial Shareholder       12/06/2007                  
Notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Substantial Shareholder       15/06/2007                  
Notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Repurchase of 160,000 shares  19/06/2007                  
for cancellation on 19.6.07                               
                                                          
Confirmation of filing        19/06/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 31.5.07 on 19.6.07                                     
                                                          
Substantial Shareholder       20/06/2007                  
Notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Voting Rights and Capital as  03/07/2007                  
at 30.06.07                                               
                                                          
Substantial Shareholder       24/07/2007                  
Notification (Devon County                                
Council)                                                  
                                                          
Substantial Shareholder       24/07/2007                  
Notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Substantial Shareholder       24/07/2007                  
Notification (Carrousel                                   
Capital Ltd Investment                                    
Manager)                                                  
                                                          
Confirmation of filing        24/07/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 30.6.07 on 24.7.07                                     
                                                          
Substantial Shareholder       31/07/2007                  
Notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Substantial Shareholder       31/07/2007                  
Notification (Carrousel                                   
Capital Ltd Investment                                    
Manager)                                                  
                                                          
Voting Rights and capital as  01/08/2007                  
at 31.07.07                                               
                                                          
Portfolio disclosure --- top  02/08/2007                  
ten as at 31.7.07                                         
                                                          
Repurchase of 1,000,000       06/08/2007                  
shares for cancellation on                                
6.8.07                                                    
                                                          
Substantial Shareholder       20/08/2007                  
Notification (Carrousel                                   
Capital Ltd Investment                                    
Manager)                                                  
                                                          
Confirmation of filing        28/08/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 31.7.07 on 28.8.07                                     
                                                          
Voting Rights and capital as  03/09/2007                  
at 31.08.07                                               
                                                          
Repurchase of 250,000 shares  11/09/2007                  
for cancellation on 11.9.07                               
                                                          
Announcement of Annual        24/09/2007                  
Results as at 31.7.07                                     
                                                          
Substantial Shareholder       25/09/2007                  
Notification (Carrousel                                   
Capital Ltd Investment                                    
Manager)                                                  
                                                          
Voting Rights and capital as  01/10/2007                  
at 30.9.07                                                
                                                          
Substantial Shareholder       01/10/2007                  
Notification (Carrousel                                   
Capital Ltd Investment                                    
Manager)                                                  
                                                          
Repurchase of 325,000 shares  03/10/2007                  
for cancellation on 2.10.07                               
                                                          
Substantial Shareholder       03/10/2007                  
Notification City of London                               
Investment Management Co Ltd)                             
                                                          
Repurchase of 500,000 shares  03/10/2007                  
for cancellation on 3.10.07                               
                                                          
Repurchase of 500,000 shares  04/10/2007                  
for cancellation on 4.10.07                               
                                                          
Substantial Shareholder       08/10/2007                  
Notification (Legal and                                   
General)                                                  
                                                          
Repurchase of 500,000 shares  09/10/2007                  
for cancellation on 8.10.07                               
                                                          
Confirmation of filing        16/10/2007                  
monthly factsheet with                                    
Document Disclosure team as                               
at 30.9.07 on 16.10.07                                    
                                                          
Substantial Shareholder       17/10/2007                  
Notification (Carrousel                                   
Capital Ltd Investment                                    
Manager)                                                  
                                                          
Substantial Shareholder       17/10/2007                  
Notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Substantial Shareholder       18/10/2007                  
Notification (Carrousel                                   
Capital Ltd Investment                                    
Manager)                                                  
                                                          
Repurchase of 1,000,000       19/10/2007                  
shares for cancellation on                                
19.10.07                                                  
                                                          
Substantial Shareholder       22/10/2007                  
Notification (City of London                              
Investment Management Co Ltd)                             
                                                          
Repurchase of 500,000 shares  22/10/2007                  
for cancellation on 22.10.07                              
                                                          
Repurchase of 750,000 shares  24/10/2007                  
for cancellation on 24.10.07                              
                                                          
Confirmation of filing 2007   26/10/2007                  
Annual Report and Form of                                 
Proxy with Document                                       
Disclosure Team on 26.10.07                               
                                                          
Confirmation of filing        26/10/2007                  
monthly factsheet as at                                   
30.9.07 with Document                                     
Disclosure Team on 26.10.07                               
                                                          
Voting Rights and capital as  01/11/2007                  
at 31.10.07                                               
                                                          
Portfolio disclosure --- top  02/11/2007                  
ten as at 31.10.07                                        
                                                          
Substantial Shareholder       05/11/2007                  
Notification (Legal and                                   
General)                                                  
                                                          
Repurchase of 500,000 shares  02/11/2007                  
for cancellation on 2.11.07                               
                                                          
Substantial Shareholder       09/11/2007                  
Notification (Carrousel                                   
Capital Limited Investment                                
Manager)                                                  
                                                          
Substantial Shareholder       14/11/2007                  
Notification (Carrousel                                   
Capital Limited Investment                                
Manager)                                                  


Companies House Filings

The following information was filed with the Registrar of Companies. Please
note that some of the information announced during the period may now be out of
date.

Document Filed                Date sent to Companies House
                                                          
Notification following each   Within 28 days of delivery  
repurchase of shares for      of the shares to the Company
cancellation                                              
                                                          
Resolutions passed at AGM     07/12/2006                  
                                                          
Form 88 (2) (allotment of     22/12/2006                  
shares)                                                   
                                                          
Filing of Annual Report for   29/12/2006                  
year ended 31 July 2006                                   
                                                          
Form 363a (annual return)     18/04/2007                  
                                                          
Auditors resignation          25/07/2007                  

Contact details for queries:

Graham Symonds

For and on behalf of

Fidelity Investments International

Company Secretary

01737 837345

16 November 2007