Net Asset Value(s)

Daily NAV Announcement

Fidelity Asian Values PLC

The net asset value (unaudited) for the above company as at close of business
on 28/06/2011 was:

Undiluted:

With debt at par: 224.05p

With debt at fair value: 223.97p

Diluted:
                                                                                                                                      

With debt at par: 218.84p

With debt at fair value: 218.77p

Though the Association of Investment Companies publishes the company's NAV on
an "ex" income basis monthly, the above net asset value was calculated on a
"cum" income basis.

NB. Applicable accounting standards and AIC recommendations are followed.