Net Asset Value(s)

Daily NAV Announcement

Fidelity Asian Values Plc

The net asset value (unaudited) for the above fund at midday on 22/12/2005 was:

With debt at par (undiluted): 106.10p.

With debt at fair value (undiluted):  106.03p.

With debt at par (diluted):  105.01p.

With debt at fair value (diluted): 104.95p.

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