Subscription Shares - Price and Allotment of Sh...

Fidelity Japanese Values PLC (the "Company")

Subscription Share Price and Allotment of Subscription Shares

27 August 2014

Subscription Price

In connection with the Bonus Issue of Subscription Shares to the Company's
existing shareholders as detailed in the prospectus published by the Company on
22 July 2014 (the "Prospectus"), which was approved by Shareholders at the
General Meeting held on 26 August 2014, the Board of Directors hereby announces
the Subscription Price. Pursuant to the terms of the Bonus Issue as described
in the Prospectus, the Subscription Price of the Subscription Shares is
calculated as the published NAV per Ordinary Share as at 5.00pm on 26 August
2014, plus an amount equal to 2% of such NAV per Ordinary Share, rounded up to
the nearest quarter penny. Accordingly, the Subscription Price payable on
exercise of each Subscription Share has been calculated to be 86.50 pence.

Allotment of Subscription Shares

The Board has today allotted 22,790,861 Subscription Shares to Qualifying
Shareholders pursuant to the terms of the Bonus Issue.

Application has been made for admission of the Subscription Shares to the
Official List and to trading on the main market of the London Stock Exchange.
Dealings are expected to commence at 8.00 a.m. on 28 August 2014.

Following admission of the Subscription Shares there will be 113,954,834
Ordinary Shares and 22,790,861 Subscription Shares in issue. No shares are held
in treasury.

The dealing codes for the Subscription Shares will be as follows:

ISIN: GB00BLY2CK21

SEDOL: BLY2CK2

Ticker: FJVS

Timetable

Crediting of CREST stock accounts in respect of the Subscription Shares: 28
August 2014

Share certificates despatched in respect of the Subscription Shares: week
commencing 8 September 2014.

Capitalised terms used in this announcement shall have the same meaning
ascribed to them in the Prospectus.

Enquiries:

FIL Investments International (company secretary)

Christopher Pirnie 01737 837929

Canaccord Genuity

Lucy Lewis / David Yovichic 020 7523 8000

Canaccord Genuity Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as sponsor to Fidelity
Japanese Values PLC and is acting for no-one else in connection with the Bonus
Issue and the contents of this announcement, and will not be responsible to
anyone other than the Company for providing the protections afforded to clients
of Canaccord Genuity Limited nor for providing advice in connection with the
Bonus Issue and the contents of this announcement or any other matter referred
to herein. Canaccord Genuity Limited is not responsible for the contents of
this announcement. This does not exclude or limit any responsibilities which
Canaccord Genuity Limited may have under the Financial Services and Markets Act
2000 or the regulatory regime established thereunder.