Transaction in Own Shares

Fidelity Asian Values PLC announces that the Company, on 2 November 2007,
repurchased 500,000 of its own shares for cancellation at a price of 165 pence
per share. The total number of shares now in issue is 103,522,200.

Graham Symonds

For and on behalf of Fidelity Investments International

Company Secretary

01737 837345

2 November 2007