Subscription Share Issue

Fidelity Japanese Values PLC ("the Company")

Fidelity Japanese Values PLC announces that on 15 January 2014 the Company
issued and allotted 61 ordinary 25p shares with effect from 31 December 2014 in
respect of shares arising on the exercise of the conversion rights attaching to
subscription shares.

The total issued ordinary share capital is now 114,002,375.

The conversion rights attaching to the remaining total of 22,743,320
subscription shares have not yet been exercised.

Natalia de Sousa

FIL Investments International, Company Secretary

01737 837132

 

15 January 2015