Portfolio Update

Fidelity Japanese Values PLC

03 April 2009

Pursuant to Listing Rule LR 15.6.8R, Fidelity Japanese Values PLC announces
that, as at 31 March 2009, its investments in other listed investment companies
(including listed investment trusts) which themselves do not have stated
investment policies to invest no more than 15% of their total assets in other
listed investment companies (including listed investment trusts) were as
follows:-

Security Description % Gross Assets

Nippon Building Fund 0.92

Japan Real Est Asset MGMT 0.97

Contact for queries:

Name: Mrs Tracey Cousins, FIL Investments International

03 April 2009

Telephone: [phone]