Transaction in Own Shares

Fidelity Asian Values PLC announces that the Company, on 4 June 2007,
repurchased 350,000 of its own shares for cancellation at a price of 131 pence
per share. The total number of shares now in issue is 109,507,200.

Graham Symonds

For and on behalf of Fidelity Investments International

Company Secretary

01737 837345

4 June 2007