Portfolio Update

Fidelity Asian Values PLC

List of Top Ten Investments and all Holdings over 5% of Gross Assets as at 31
January 2008 announced in accordance with Listing Rule LR 15.6.8R(2).

Security Description                                 % Gross Assets
                                                                   
China Mobile                                                    5.9
                                                                   
Hon Hai Precision Industry                                      4.5
                                                                   
Samsung Electronics                                             4.5
                                                                   
Cheung Kong Holdings                                            3.7
                                                                   
Hang Seng Bank                                                  3.4
                                                                   
Li & Fung                                                       3.4
                                                                   
Swire Pacific "A"                                               3.0
                                                                   
Taiwan Semiconductor Manufacturing                              3.0
                                                                   
Gamuda                                                          3.0
                                                                   
Hong Kong Exchanges and Clear                                   3.0
                                                                   
Total                                                          37.4
                                                                   

Contact for queries:

Name: Julian Rhys, Fidelity Investments International

Telephone: [phone]