Net Asset Value(s)

Daily NAV Announcement

Fidelity Asian Values Plc

The net asset value (unaudited) for the above fund at midday on 07/12/2005 was:

With debt at par (undiluted): 104.37p.

With debt at fair value (undiluted):  104.30p.

With debt at par (diluted):  103.59p.

With debt at fair value (diluted):   103.53p.

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