Result of AGM

Fidelity Asian Values PLC

At the Company's Annual General Meeting held on 5 December 2008 all resolutions
were duly passed.

The resolutions passed under Special Business were as follows:

- An Ordinary Resolution granting the Directors authority to allot relevant
securities up to an aggregate nominal amount of £764,000 (approximately 5% of
the aggregate nominal amount of the issued share capital of the Company as at
30 September 2008;

- A Special Resolution granting the Directors authority to allot equity
securities for cash without first offering such shares to existing ordinary
shareholders pro-rata to their existing holdings provided this authority is
limited:

to the allotment of equity securities in connection with a rights issue;

to the allotment of equity securities (other than pursuant to a rights issue)
up to an aggregate nominal amount of £764,000 (approximately 5% of the
aggregate nominal amount of the issued share capital of the Company as at 30
September 2008);

and

to the allotment of equity securities at a price of not less than the net asset
value per share.

- A Special Resolution granting the Company authority to purchase up to 14.99%
of its own shares as at the date of the passing of this resolution for
cancellation. The maximum number of shares covered by this resolution is
9,135,280.

5 December 2008

Graham Symonds
FIL Investments International
01737 837345