Issue of Equity

Fidelity Japanese Values PLC

Fidelity Japanese Values PLC announces that on 8 September 2011 the Company
issued and allotted 45,216 ordinary 25p shares with effect from 31 August 2011
in respect of shares arising on the exercise of the conversion rights attaching
to subscription shares.

The total issued ordinary share capital is now 97,442,039.

The conversion rights attaching to a total of 17,250,795 subscription shares
have not yet been exercised.

Ben McMechan

FIL Investments International, Company Secretary

01737 836883

 

8 September 2011