Portfolio Update

Fidelity Japanese Values PLC

List of Top Ten Investments and all Holdings over 5% of Gross Assets at 30
September 2007, announced in accordance with Listing Rule LR 15.6.8R(2).

Security Description                                         % Gross Assets
                                                                           
Kawasaki Kisen Kaisha                                                   3.6
                                                                           
Mitsui Osk Lines                                                        2.9
                                                                           
Mitsui                                                                  2.7
                                                                           
Nippon Electrical Glass                                                 2.6
                                                                           
Hitachi Chemical                                                        2.4
                                                                           
Sumco Techxiv                                                           2.3
                                                                           
Daicel Chemical Industries                                              2.2
                                                                           
NGK Insulators                                                          2.0
                                                                           
Ibiden                                                                  1.9
                                                                           
Nikon                                                                   1.7
                                                                           
TOTAL                                                                  24.3
                                                                           

Contact for queries:

Name: Mrs Tracey Cousins, Fidelity Investments International

2 October 2007

Telephone: [phone]