Transaction in Own Shares

Fidelity Asian Values PLC announces that the Company has today, 7 March 2007,
repurchased 180,000 of its own shares for cancellation at a price of 108.225
pence per share. The total number of shares now in issue is 112,819,200.

Graham Symonds

For and on behalf of Fidelity Investments International

Company Secretary

7 March 2007