Result of EGM

Not for release, publication or distribution, in whole or in part, in or into
the United States, Canada, Australia, or Japan.

5 September 2008

Fidelity Asian Values PLC (the "Company")

Tender Offer, Reduction of Capital and Adoption of New Articles of Association

Result of EGM

The Board of Fidelity Asian Values PLC announces that at the Extraordinary
General Meeting of the Company held today, the three special resolutions put to
the meeting were duly passed.

The Company announces the results of the tender elections as follows:

  * Total number of Shares in issue as at the Record Date and the Tender
    Reference Date: 103,157,200
   
  * Total number of Shares validly tendered under the Tender Offer: 42,029,502
   
  * Total number of Shares to be repurchased by the Company: 41,262,764
   
Ordinary Shareholders who tendered in excess of the Basic Entitlement will have
96.62 per cent. of their excess satisfied.

Terms used in this announcement shall have the same meaning as those set out in
the circular to shareholders dated 11 August 2008. Copies of the resolutions
passed and the new articles of association will be submitted to the Document
Viewing Facility of the UK Listing Authority and will shortly be available for
inspection at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel. No. (0)20 7066 1000

Expected Timetable

All references are to London time.

Calculation Date for Realisation NAV    5.00pm on 5 September                  
and creation of Realisation Pool                                               
                                                                               
Tender Price calculated                 5.00pm on 11 September                 
                                                                               
Tender Price announced                  by close of business on 12 September   
                                                                               
Settlement of proceeds through CREST    12 September                           
for the Tender Offer                                                           
                                                                               
Despatch of cheques in respect of the   by 16 September                        
Tender Offer                                                                   

Enquiries

Graham Symonds

FIL Investments International, Company Secretary 01737 837345

Anne Read

Fidelity International, Corporate Communications 020 7961 4409

Angus Gordon Lennox 020 7588 2828

Managing Director, JPMorgan Cazenove Limited

This announcement does not constitute, or form any part of, any offer for, or
solicitation of any offer for, securities. Any acceptance or other response to
the Proposals should be made on the basis of the information contained in the
Circular.