Holding in Company

Fidelity Asian Values PLC
19 October 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

 1. Name of company

    FIDELITY ASIAN VALUES PLC

 2. Name of shareholder having a major interest

    FIDELITY INTERNATIONAL LIMITED

 3. Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder if it is a
    holding of that person's spouse or children under the age of 18

    BENEFICIAL HOLDING

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

    N Y NOMINEES

 5. Number of shares/amount of stock acquired

    750,000 ORDINARY SHARES OF 25 PENCE EACH

 6. Percentage of issued class

    0.79%

 7. Number of shares/amount of stock disposed

    NOT APPLICABLE

 8. Percentage of issued class

    NOT APPLICABLE

 9. Class of security

    ORDINARY SHARES

10. Date of transaction

    19 October 2001

11. Date company informed

    19 OCTOBER 2001

12. Total holding following this notification

    7044,400 ORDINARY SHARES OF 25 PENCE EACH

13. Total percentage holding of issued class following this notification

    7.46%

14. Any additional information


15. Name of contact and telephone number for queries

    JEANETTE EGGLETON 01737 837 929

16. Name and signature of authorised company official responsible for making
    this notification

JEANETTE EGGLETON

Date of notification ...19 October..2001...

END