Transaction in Own Shares

Fidelity Asian Values PLC announces that the Company, on 19 June 2007,
repurchased 160,000 of its own shares for cancellation at a price of 135.5
pence per share. The total number of shares now in issue is 109,347,200.

Graham Symonds

For and on behalf of Fidelity Investments International

Company Secretary

01737 837345

19 June 2007