Director Shareholding

Fidelity Asian Values PLC
4 September 2001

SCHEDULE11

Schedule 11 - Notification of Interests of Directors and Connected Persons

1 Name of company:

Fidelity Asian Values PLC

2 Name of director:

Roger Hulett

3 Please state whether notification indicates that it is in respect of holding
of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:

Beneficial holding

4 Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified):

Mr Roger Hulett

5 Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s):

 N/A

6 Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary:

Beneficial holding

7 Number of shares/amount of stock acquired:

5,000

8 Percentage of issued class:

.005%

9 Number of shares/amount of stock disposed:

N/A

10 Percentage of issued class:

N/A

11 Class of security:

ordinary shares

12 Price per share:

51 pence

13 Date of transaction:

4 September 2001

14 Date company informed:

4 September 2001

15 Total holding following this notification:

5,000

16 Total percentage holding of issued class following this notification:

0.005%



17 Contact name for queries:

Barbara Powley

18 Contact telephone number:

01737 836883

19 Name of company official responsible for making notification:

Barbara Powley