Holding in Company

Fidelity Japanese Values PLC
5 September 2001

Fidelity Japanese Values PLC announces that the Company has today been
informed that Scottish Widows Investment Partnership Limited has a material
interest in 3,863,000 ordinary 25p shares in the Company (representing 3.78%
of the shares in issue). These shares are registered in the name of State
Street Nominees Limited.

Scottish Widows Investment Partnership Limited is a company within the Lloyds
TSB Group of companies and the following companies are also deemed to be
interested in the shares:

Lloyds TSB Group plc

Lloyds TSB Bank plc

Scottish Widows Group Limited



5 September 2001