Net Asset Value(s)

Daily NAV Announcement

Fidelity Asian Values Plc

The net asset value (unaudited) for the above fund at midday on 21/12/2005 was:

With debt at par (undiluted): 105.75p.

With debt at fair value (undiluted):  105.68p.

With debt at par (diluted):  104.72p.

With debt at fair value (diluted): 104.66p.

NB. Revenue to date is included in the Net Asset Value calculations.