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 27/05/2011 was:

Undiluted:

With debt at par: 224.04p

With debt at fair value: 223.96p

Diluted:



With debt at par: 218.82p

With debt at fair value: 218.75p

NB. Applicable accounting standards and AIC recommendations are followed.