Compliance with Model Code

Fidelity Japanese Values PLC

Transactions in a close period - Listing Rule 15.5.1

Pursuant to LR15.5.1(4) the Company is satisfied that all inside information
which the Directors and the Company may have in the period leading up to the
announcement of the Company's half yearly results for the six months to 30 June
2008 has previously been notified to PRNewswire (a Regulated Information
Service).

Mrs Tracey Cousins

For and on behalf of FIL Investments International

Company Secretary

01737 836883

1 July 2008