Transaction in Own Shares

Fidelity Asian Values PLC announces that the Company, on 22 October 2007,
repurchased 500,000 of its own shares for cancellation at a price of 160 pence
per share. The total number of shares now in issue is 104,772,200.

Graham Symonds

For and on behalf of Fidelity Investments International

Company Secretary

01737 837345

22 October 2007