Portfolio Update

Fidelity Asian Values PLC

List of Top Ten Investments and all Holdings over 5% of Gross Assets at 30
April 2007 announced in accordance with Listing Rule LR 15.4.11R(2)

Security Description                                 % Gross Assets
                                                                   
Samsung Electronics                                             5.3
                                                                   
Li and Fung                                                     4.1
                                                                   
Taiwan Semiconductor Manufacturing                              4.1
                                                                   
China Mobile                                                    3.7
                                                                   
Hon Hai Precision Industry                                      3.5
                                                                   
Gamuda                                                          2.9
                                                                   
China Merchants Bank                                            2.8
                                                                   
Zelan                                                           2.6
                                                                   
Shinsegae                                                       2.5
                                                                   
Hang Seng Bank                                                  2.4
                                                                   
                                                               33.9
                                                                   

Contact for queries:

Name: Julian Rhys, Fidelity Investments International

Telephone: [phone]