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 30/06/2011 was:

Undiluted:

With debt at par: 228.43p

With debt at fair value: 228.35p

Diluted:
                                                                                                                                      

With debt at par: 222.54p

With debt at fair value: 222.48p

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.