Portfolio Update

Fidelity Japanese Values PLC

List of Top Ten Investments and all Holdings over 5% of Gross Assets at 31
December 2007, announced in accordance with Listing Rule LR 15.6.8R(2).

Security Description                                         % Gross Assets
                                                                           
Hitachi Chemical                                                        3.3
                                                                           
Nippon Electrical Glass                                                 3.2
                                                                           
Mitsui                                                                  2.8
                                                                           
Daicel Chemical Industries                                              2.2
                                                                           
Mitsubishi                                                              2.1
                                                                           
Asahi Glass                                                               2
                                                                           
UBE Industries                                                            2
                                                                           
Kawasaki Kisen Kaisha                                                     2
                                                                           
Hitachi Metals                                                          1.8
                                                                           
JSR                                                                     1.8
                                                                           
TOTAL                                                                  23.2
                                                                           

Contact for queries:

Name: Mrs Tracey Cousins, Fidelity Investments International

2 January 2008

Telephone: [phone]