Net Asset Value(s)

Daily NAV Announcement

Fidelity Asian Values Plc

The net asset value (unaudited), with securities valued at bid, for the above
fund at close of business on 23/07/2007 was:

With debt at par:  159.05p.

With debt at fair value:  158.58p.

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