Net Asset Value(s)

Daily NAV Announcement

Fidelity Asian Values Plc

The net asset value (unaudited), with securities valued at mid, for the above
fund at midday on 17/07/2006 was:

With debt at par (undiluted): 103.35p.

With debt at fair value (undiluted):  103.33p

With debt at par (diluted):102.75p.

With debt at fair value (diluted):102.73p.

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