Holding(s) in Company

For filings with the FSA include the annex                                                
                                                                                          
For filings with issuer exclude the annex                                                 
                                                                                          
                                                                                          
                                                                                          
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                           
                                                                                          
                                                                                          
                                                                                          
1. Identity of the issuer or the underlying issuer                   Fidelity Asian Values
of existing shares to which voting rights are                        PLC                  
attached:ii                                                                               
                                                                                          
2 Reason for the notification (please tick the appropriate box or boxes):                 
                                                                                          
An acquisition or disposal of voting rights                                              X
                                                                                          
An acquisition or disposal of qualifying financial instruments which may result           
in the acquisition of shares already issued to which voting rights are attached           
                                                                                          
An acquisition or disposal of instruments with similar economic effect to                 
qualifying financial instruments                                                          
                                                                                          
An event changing the breakdown of voting rights                                          
                                                                                          
Other (please specify):                                                                   
                                                                                          
3. Full name of person(s) subject to the                           FIL Limited            
notification obligation:iii                                                               
                                                                                          
4. Full name of shareholder(s)                                     See attached schedule  
 (if different from 3.):iv                                                                
                                                                                          
5. Date of the transaction and date on                                                    
which the threshold is crossed or                                  6 July 2012            
reached: v                                                                                
                                                                                          
6. Date on which issuer notified:                                  10 July 2012           
                                                                                          
7. Threshold(s) that is/are crossed or                             23%                    
reached: vi, vii                                                                          
                                                                                          


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type   Situation previous      Resulting situation after the triggering           
of           to the triggering       transaction                                        
shares       transaction                                                                
                                                                                        
             Number     Number       Number       Number of voting    % of  voting      
if possible  of         of           of shares    rights              rights x          
using        Shares     Voting                                                          
the ISIN                Rights       Indirect     Direct   Indirect   Direct Indirect   
CODE                                              xi       xii                          
                                                                                        
GB0003322319                                                                            
             12,885,274 12,885,274   12,885,274            12,885,274        21.46      
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of        Expiration   Exercise/              Number of voting        % of voting  
financial      date xiii    Conversion Period xiv  rights that may be      rights       
instrument                                         acquired if the                      
                                                   instrument is                        
                                                   exercised/ converted.                
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of       Exercise  Expiration Exercise/      Number of voting       % of voting    
financial     price     date xvii  Conversion     rights instrument      rights xix, xx 
instrument                         period xviii   refers to                             
                                                                                        
                                                                                        
                                                                                        
Subscription                                      892,074                Nominal Delta     
Shares        191p                 31 May 2013                                          
                                                                              1.48      
                                                                                        
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                    Percentage of voting rights                  
                                                                                        
13,777,348                                 22.94%                                       
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
See attached schedule                                                                   
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                   FIL Limited             
                                                                                        
11. Number of voting rights proxy holder will cease to hold:    48,956                  
                                                                                        
12. Date on which proxy holder will cease to hold voting        6 July 2012             
rights:                                                                                 
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                      None                                   
                                                                                        
                                                                                        
                                                                                        
14. Contact name:                                Nina Collomosse                        
                                                                                        
                                                                                        
                                                                                        
15. Contact telephone number:                    [e-mail]    01737 837092


B: Identity of the notifier, if applicable                                              
                                                                                        
Full name                                           Christopher Pirnie For and on behalf
                                                                                      of
                                                                                        
                                                           FIL Investments International
                                                                                        
Contact address                                   Kingswood Place, Millfield Lane, Lower
                                                    Kingswood, Tadworth, Surrey KT20 6RB
                                                                                        
                                                                                        
Phone number & email                                                                    
                                                                            01737 837929
                                                                                        
                                                                                        
Other useful information                                                                
                                                                                        
(e.g. functional relationship with the person or                                        
legal entity subject to the notification                                                
obligation)                                                                             
                                                                                        
                                                                                        
                                                                                        
C: Additional information                                                               
                                                                                        
Issuer name: FIDELITY ASIAN VALUES PLC                                                  
                                                                                        
Current ownership percentage: 22.94%                                                    
                                                                                        
Total shares held: 13,777,348                                                           
                                                                                        
Issued share capital: 60,048,741                                                        
                                                                                        
                                                                                        
                                                                                        
FIL Limited (FIL) is the parent holding company for various direct and indirect         
subsidiaries, including FIL Fund Management Limited (FFML), FIL Investment              
Services (UK) Ltd (FISL), FIL Gestion (FIGEST), FIL Asset Management (Korea)            
Limited (FIAKL), FIL Investments Management (Hong Kong) Limited (FIMHK), FIL            
Pensions Management (FPM), Fidelity Investments Japan (FIJ) and FIL Investments         
International (FII), investment managers for various non-US investment                  
companies and institutional clients.                                                    
                                                                                        
                                                                                        
                                                                                        
Ordinary shares                                                                         
                                                                                        
FIL Nominee (Shareholdings) Ltd GENPEP 6,329,234 shares (indirect)                      
                                                                                        
The Bank of New York Nominees Limited 6,165,213 shares (indirect)                       
                                                                                        
JPMorgan, Bournemouth 390,827 shares (indirect)                                         
                                                                                        
                                                                                        
                                                                                        
Subscription shares:                                                                    
                                                                                        
FIL Nominee (Shareholdings) Ltd GENPEP 438,405 shares (indirect)                        
                                                                                        
The Bank of New York Nominees Limited 426,956 shares (indirect)                         
                                                                                        
JPMorgan, Bournemouth 26,713 shares (indirect)                                          
                                                                                        
                                                                                        
                                                                                        

 


i This form is to be sent to the issuer or underlying issuer and to be filed
with the competent authority.

ii Either the full name of the legal entity or another method for identifying
the issuer or underlying issuer provided it is reliable and accurate.

iii This should be the full name of (a) the shareholder; (b) the person
acquiring, disposing of or exercising voting rights in the cases provided for
in DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to in
DTR5.2.1 (a), or (d) the direct or indirect holder of financial instruments
entitled to acquire shares already issued to which voting rights are attached,
or the direct or indirect holder of financial instruments having a similar
economic effect to qualifying financial instruments, as appropriate.

In relation to the transactions referred to in points DTR5.2.1 (b) to (h), the
following list is provided as indication of the persons who should be
mentioned:

- in the circumstances foreseen in DTR5.2.1 (b), the person that acquires the
voting rights and is entitled to exercise them under the agreement and the
natural person or legal entity who is transferring temporarily for
consideration the voting rights;

- in the circumstances foreseen in DTR 5.2.1 (c), the person holding the
collateral, provided the person or entity controls the voting rights and
declares its intention of exercising them, and person lodging the collateral
under these conditions;

- in the circumstances foreseen in DTR5.2.1(d), the person who has a life
interest in shares if that person is entitled to exercise the voting rights
attached to the shares and the person who is disposing of the voting rights
when the life interest is created;

- in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and,
provided it has a notification duty at an individual level under DTR 5.1, under
DTR5.2.1 (a) to (d) or under a combination of any of those situations, the
controlled undertaking;

- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the
shares, if he can exercise the voting rights attached to the shares deposited
with him at his discretion, and the depositor of the shares allowing the
deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in DTR5.2.1 (g), the person that controls the
voting rights;

- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can
exercise the voting rights at his discretion, and the shareholder who has given
his proxy to the proxy holder allowing the latter to exercise the voting rights
at his discretion.

iv Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This should be
the full name of the shareholder or holder of financial instruments who is the
counterparty to the natural person or legal entity referred to in DTR5.2.

v The date of the transaction should normally be, in the case of an on exchange
transaction, the date on which the matching of orders occurs; in the case of an
off exchange transaction, the date of entering into an agreement.

The date on which a threshold is crossed should normally be the date on which
the acquisition, disposal or possibility to exercise voting rights takes effect
(see DTR 5.1.1R (3)). For passive crossings, the date when the corporate event
took effect.

 

In the case of financial instruments with a similar economic effect to
qualifying financial instruments, the date on which a threshold is reached or
crossed is the date of entering into the agreement. In the case of reaching or
crossing a threshold passively as a result of a change in a delta adjusted
holding or due to a change in the total voting rights of the issuer, the date
should be that when the delta adjustment occurs or the total voting rights
change rather than the date at which the agreement was entered into.

vi Please refer to the situation disclosed in the previous notification, In
case the situation prior to the triggering transaction was below 3%, please
state 'below 3%'.

vii If the holding has fallen below the minimum threshold, the notifying party
should not be obliged to disclose the extent of the holding, only that the new
holding is less than 3%.

viii Direct and Indirect

ix In case of combined holdings of shares with voting rights attached 'direct
holding' and voting rights 'indirect holdings', please split the voting rights
number and percentage into the direct and indirect columns-if there is no
combined holdings, please leave the relevant box blank.

x If the holding has fallen below the minimum threshold, the notifying party
should not be obliged to disclose the extent of the holding, only that the new
holding is below 3%.

xi Voting rights attached to shares in respect of which the notifying party is
a direct shareholder (DTR 5.1)

xii Voting rights held by the notifying party as an indirect shareholder (DTR
5.2.1)

xiii date of maturity / expiration of the financial instrument i.e. the date
when the right to acquire shares ends.

xiv If the financial instrument has such a period-please specify the period-
for example once every three months starting from the [date]

xv In case of notifying the aggregate of all voting rights deemed to be held as
a result of holdings of instruments having a similar economic effect to (but
not including) qualifying instruments on a nominal basis, please also provide
the exercise price and either expiration date, or conversion period. If
notifying on a nominal basis there is no requirement to then provide the
delta-adjusted figures as well.

xvi In case of notifying the aggregate of all voting rights deemed to be held
as a result of holdings of instruments having a similar economic effect to (but
not including) qualifying instruments on a delta-adjusted basis, please provide
the expiration date/conversion period as appropriate.

xvii expiration date of the financial instrument with a similar economic effect
to a qualifying financial instrument i.e. the date when the instrument is due
to be settled.

xviii If the financial instrument has a conversion/settlement period-please
specify the period- for example once every three months starting from the
[date]

xix Nominal and delta-adjusted basis (transitional period to run until 31
December 2009)

xx If the holding has fallen below the minimum threshold, the notifying party
should not be obliged to disclose the extent of the holding, only that the new
holding is below 3%.

xxi The notification should include the name(s) of the controlled undertakings
through which the voting rights are held. The notification should also include
the amount of voting rights and the percentage held, or deemed to be held, by
each controlled undertaking, insofar as individually the controlled undertaking
holds 3% or more, and insofar as the notification by the parent undertaking is
intended to cover the notification obligations of the controlled undertaking.

xxii This annex is only to be filed with the competent authority.