Portfolio Update --- Exceptions

Fidelity Asian Values PLC

03 June 2008

Pursuant to Listing Rule LR 15.6.8R, Fidelity Asian Values PLC announces that,
as at 31 May 2008, its investments in other listed investment companies
(including listed investment trusts) which themselves do not have stated
investment policies to invest no more than 15% of their total assets in other
listed investment companies (including listed investment trusts) were as
follows:-

Name of Security % of gross assets

Ascendas REIT 0.63

Contact for queries:

Name: Graham Symonds, Fidelity Investments International

Telephone: [phone]