AGM Statement

Fidelity Japanese Values PLC

At the Company's Annual General Meeting held on 3 May 2007, all resolutions
were duly passed. The resolutions passed under Special Business were as
follows:

- The Directors' authority to allot a limited number of currently unissued
ordinary shares for cash, without first offering such shares to existing
ordinary shareholders pro-rata to their existing holdings, has been renewed.

- The Company's authority to purchase up to 14,721,297 of its own shares for
cancellation has been renewed. This represents approximately 14.99% of the
number of ordinary shares in issue on 8 March 2007.

- That the Company continue to carry on business as an investment trust.

Contact for queries:

Name: Miss Tracey A Bennett, Fidelity Investments International

Telephone: [phone]