Annual Information Update

Fidelity Asian Values PLC                            

In accordance with Prospectus Rule 5.2, the information published during the
period 16 November 2007 to 23 October 2008 in respect of Fidelity Asian Values
PLC is as follows:-

Further details may be obtained from the Company Secretary and the London Stock
Exchange website (www.londonstockexchange.com/rns) or the Registrar of
Companies (www.companieshouse.gov.uk).

Stock Exchange announcements

All of the information was notified via PRNewswire. Please note that some of
the information announced during the period may now be out of date.

The Company's net asset values have been announced each business day during the
past year. These are not separately noted in the schedule below.

           Notifiable Event                      Date of Announcement          
                                                                               
       Annual Information Update                      16/11/2007               
                                                                               
    Confirmation of filing monthly                    19/11/2007               
       factsheet as at 31.10.07                                                
                                                                               
 Substantial Shareholder Notification                 21/11/2007               
        (Devon County Council)                                                 
                                                                               
   Repurchase of 200,000 shares for                   23/11/2007               
       cancellation on 22.11.07                                                
                                                                               
    Repurchase of 75,000 shares for                   26/11/2007               
       cancellation on 26.11.07                                                
                                                                               
    Repurchase of 90,000 shares for                   29/11/2007               
       cancellation on 29.11.07                                                
                                                                               
 Substantial Shareholder Notification                 30/11/2007               
 (Carrousel Capital Limited Investment                                         
               Manager)                                                        
                                                                               
    Voting Rights and capital as at                   03/12/2007               
               30.11.07                                                        
                                                                               
        AGM Results --- 7.12.07                       07/12/2007               
                                                                               
   Document re AGM resolutions filed                  07/12/2007               
                                                                               
  Interim Management Statement as at                  10/12/2007               
               31.10.07                                                        
                                                                               
    Confirmation of filing monthly                    20/12/2007               
       factsheet as at 30.11.07                                                
                                                                               
 Substantial Shareholder Notification                 27/12/2007               
(Deutsche Bank AG re Tilney Investment                                         
              Management)                                                      
                                                                               
    Voting Rights and capital as at                   02/01/2008               
               31.12.07                                                        
                                                                               
 Substantial Shareholder Notification                 11/01/2008               
 (Carrousel Capital Limited Investment                                         
               Manager)                                                        
                                                                               
    Confirmation of filing monthly                    23/01/2008               
       factsheet as at 31.12.07                                                
                                                                               
 Substantial Shareholder Notification                 24/01/2008               
(Deutsche Bank AG re Tilney Investment                                         
              Management)                                                      
                                                                               
   Compliance with Model Code as at                   01/02/2008               
                31.1.08                                                        
                                                                               
Voting Rights and capital as at 31.1.08               01/02/2008               
                                                                               
Portfolio disclosure (top ten) as at 31               04/02/2008               
                /01/08                                                         
                                                                               
    Confirmation of filing monthly                    13/02/2008               
        factsheet as at 31.1.08                                                
                                                                               
 Substantial Shareholder Notification                 29/02/2008               
 (Carrousel Capital Limited Investment                                         
               Manager)                                                        
                                                                               
Voting Rights and capital as at 29.2.08               03/03/2008               
                                                                               
  Portfolio update (exceptions) as at                 03/03/2008               
                29.2.08                                                        
                                                                               
 Substantial Shareholder Notification                 03/03/2008               
 (Carrousel Capital Limited Investment                                         
               Manager)                                                        
                                                                               
 Substantial Shareholder Notification                 10/03/2008               
        (Lloyds TSB Group plc)                                                 
                                                                               
 Substantial Shareholder Notification                 14/03/2008               
 (Carrousel Capital Limited Investment                                         
               Manager)                                                        
                                                                               
  Half Yearly Report --- 6 months to                  17/03/2008               
                31.1.08                                                        
                                                                               
    Confirmation of filing monthly                    20/03/2008               
        factsheet as at 29.2.08                                                
                                                                               
 Availability of half yearly report as                26/03/2008               
              at 31.1.08                                                       
                                                                               
 Substantial Shareholder Notification                 31/03/2008               
 (Carrousel Capital Limited Investment                                         
               Manager)                                                        
                                                                               
Voting Rights and capital as at 31.3.08               01/04/2008               
                                                                               
    Confirmation of filing monthly                    18/04/2008               
        factsheet as at 31.3.08                                                
                                                                               
Voting Rights and capital as at 30.4.08               01/05/2008               
                                                                               
 Portfolio Update --- Exceptions as at                02/05/2008               
                30.4.08                                                        
                                                                               
    Confirmation of filing monthly                    29/05/2008               
        factsheet as at 30.4.08                                                
                                                                               
Voting Rights and capital as at 31.5.08               02/06/2008               
                                                                               
 Portfolio Update --- Exceptions as at                04/06/2008               
                31.5.08                                                        
                                                                               
  Interim Management Statement as at                  05/06/2008               
                30.4.08                                                        
                                                                               
 Substantial Shareholder Notification                 06/06/2008               
          (Deutsche Bank AG)                                                   
                                                                               
 Substantial Shareholder Notification                 06/06/2008               
          (QVT Financial LP)                                                   
                                                                               
    Confirmation of filing monthly                    12/06/2008               
        factsheet as at 31.5.08                                                
                                                                               
Voting Rights and capital as at 30.6.08               01/07/2008               
                                                                               
 Portfolio Update --- Exceptions as at                03/07/2008               
                30.6.08                                                        
                                                                               
             Tender Offer                             14/07/2008               
                                                                               
    Confirmation of filing monthly                    18/07/2008               
        factsheet as at 30.6.08                                                
                                                                               
 Substantial Shareholder Notification                 25/07/2008               
 (City of London Investment Management                                         
                 Ltd)                                                          
                                                                               
 Substantial Shareholder Notification                 25/07/2008               
          (QVT Financial LP)                                                   
                                                                               
Voting Rights and capital as at 31.7.08               01/08/2008               
                                                                               
   Compliance with Model Code as at                   01/08/2008               
                31.7.08                                                        
                                                                               
Tender Offer, Reduction of Capital and                11/08/2008               
Adoption of New Articles of Association                                        
                                                                               
  Confirmation of filing tender offer                 12/08/2008               
          circular with UKLA                                                   
                                                                               
    Confirmation of filing monthly                    14/08/2008               
        factsheet as at 31.7.08                                                
                                                                               
Voting Rights and capital as at 31.8.08               01/09/2008               
                                                                               
Tender Offer, Reduction of Capital and                05/09/2008               
Adoption of New Articles of Association                                        
                                                                               
  Resolutions passed at EGM on 5.9.08                 05/09/2008               
                                                                               
    Repurchase of 5,000 shares for                    10/09/2008               
        cancellation on 10.9.08                                                
                                                                               
    Repurchase of 26,000 shares for                   11/09/2008               
        cancellation on 11.9.08                                                
                                                                               
Tender Offer --- announcement of tender               12/09/2008               
                 price                                                         
                                                                               
        Partial Loan Repayment                        15/09/2008               
                                                                               
 Substantial Shareholder Notification                 16/09/2008               
          (Legal and General)                                                  
                                                                               
 Substantial Shareholder Notification                 17/09/2008               
 (Carrousel Capital Limited Investment                                         
               Manager)                                                        
                                                                               
   Repurchase of 389,302 shares for                   17/09/2008               
        cancellation on 17.9.08                                                
                                                                               
 Substantial shareholder notification                 17/09/2008               
             (FIL Limited)                                                     
                                                                               
    Confirmation of filing monthly                    18/09/2008               
        factsheet as at 31.8.08                                                
                                                                               
    Repurchase of 4,804 shares for                    19/09/2008               
        cancellation on 19.9.08                                                
                                                                               
    Repurchase of 50,000 shares for                   19/09/2008               
        cancellation on 18.9.08                                                
                                                                               
   Repurchase of 100,000 shares for                   22/09/2008               
        cancellation on 22.9.08                                                
                                                                               
 Substantial shareholder notification                 22/09/2008               
            (Barclays PLC)                                                     
                                                                               
    Repurchase of 25,000 shares for                   23/09/2008               
        cancellation on 23.9.08                                                
                                                                               
    Repurchase of 50,000 shares for                   24/09/2008               
        cancellation on 24.9.08                                                
                                                                               
 Substantial shareholder notification                 30/09/2008               
            (Barclays PLC)                                                     
                                                                               
Preliminary announcement of results to                30/09/2008               
                31.7.08                                                        
                                                                               
Voting Rights and capital as at 30.9.08               01/10/2008               
                                                                               
   Repurchase of 239,280 shares for                   01/10/2008               
        cancellation on 1.10.08                                                
                                                                               
    Repurchase of 62,549 shares for                   02/10/2008               
        cancellation on 2.10.08                                                
                                                                               
Preliminary announcement of results to                13/10/2008               
   31.07.08 (incorporating the final                                           
 results released on 30.9.08 together                                          
with additional information required by                                        
the Disclosure and Transparency Rules).                                        
                                                                               
Availability of 2008 Annual Report and                17/10/2008               
         Form of Proxy at UKLA                                                 
                                                                               
    Confirmation of filing monthly                    20/10/2008               
        factsheet as at 30.9.08                                                

Companies House filings

The following information was filed with the Registrar of Companies. Please
note that some of the information announced during the period may now be out of
date.

Document Filed                Date sent to Companies House
                                                          
Notification following each   Within 28 days of delivery  
repurchase of shares for      of the shares to the Company
cancellation                                              
                                                          
Resolutions passed at AGM     17/12/2007                  
                                                          
Filing of Annual Report for   20/12/2007                  
year ended 31 July 2007                                   
                                                          
Form 288c re Sir Victor       08/04/2008                  
Garland                                                   
                                                          
Form 363a - Filing of 2008    17/04/2008                  
annual return                                             
                                                          
Special resolutions passed at 08/09/2008                  
EGM on 5.9.08 and new                                     
Articles of Association                                   
                                                          
Court order confirming        16/10/2008                  
reduction of capital                                      
                                                          
Certificate of registration   16/10/2008                  
of order of court on                                      
cancellation of share premium                             
account and cancellation of                               
the capital redemption                                    
reserve                                                   

Contact details for queries:

Graham Symonds

For and on behalf of

FIL Investments International

Company Secretary

01737 837345

24 October 2008