Portfolio Update

Fidelity Asian Values PLC

List of Top Ten Investments and all Holdings over 5% of Gross Assets as at 31
October 2007 announced in accordance with Listing Rule LR 15.6.8R(2).

Security Description                                 % Gross Assets
                                                                   
China Mobile                                                    6.3
                                                                   
Hon Hai Precision Industry                                      4.0
                                                                   
Samsung Electronics                                             3.6
                                                                   
Hong Kong Exchanges and Clear                                   3.6
                                                                   
Cheung Kong Holdings                                            3.5
                                                                   
Li & Fung                                                       3.5
                                                                   
NHN                                                             3.0
                                                                   
China Life Insurance "H"                                        3.0
                                                                   
China Merchants Bank                                            2.9
                                                                   
Doosan Heavy Industry & Construction                            2.9
                                                                   
Total                                                          36.3
                                                                   

Contact for queries:

Name: Julian Rhys, Fidelity Investments International

Telephone: [phone]