Circ re. Proposed changes to investment policy

Fidelity Asian Value PLC (the "Company")

Change of investment policy - publication of circular

22 October 2012

The Company has today published a circular (the "Circular") to shareholders
convening a general meeting of the Company to consider, and if thought fit,
approve a resolution to change the Company's investment policy to permit the
use of contracts for difference for gearing purposes. The proposed change would
increase the gearing options available to the Company although the overall
gearing limit, where borrowing may not exceed 30 per cent of the value of the
Company's net assets at the time borrowing is incurred, would remain unchanged.

The General Meeting, notice of which is set out in the Circular, will be held
immediately following the Company's annual general meeting at 11.00 a.m. on 28
November 2012.

A copy of the Circular has been submitted to the National Storage Mechanism and
will shortly be available for inspection at: www.hemscott.com/nsm.do

                                      End                                      

For further information please contact:

FIL Investments International [phone]

Christopher Pirnie (Company Secretary)

 

Canaccord Genuity Limited [phone]

Robbie Roberson/Andrew Zychowski/Lucy Lewis


Canaccord Genuity Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting for Fidelity Asian
Values PLC and is acting for no-one else in connection with the change of
investment policy and will not be responsible to anyone other than Fidelity
Asian Values PLC for providing the protections afforded to clients of Canaccord
Genuity Limited nor for providing advice in connection with 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.