Tender Offer

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

12 September 2008

Fidelity Asian Values PLC (the "Company")

Announcement of Tender Price

It was announced on the 5 September 2008 that a total of 41,262,764 Shares
would be repurchased by the Company under the Tender Offer, the terms of which
were set out in the Circular dated 11 August 2008.

The Board announces that the Tender Price is 126.3940 pence per Share. The
Tender Offer has now been completed with a total of 41,262,764 shares
repurchased by the Company for cancellation (40.0% of the issued share
capital). Settlement of the tender proceeds through CREST for the Tender Offer
will occur today, and despatch of cheques for those tendered shares held in
certificated form will be by 16 September 2008.

Following separate share repurchases on 10 September 2008 and 11 September 2008
and completion of the Tender Offer, which will be today, 61,863,436 Shares will
be in issue. These figures may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FSA's Disclosure and Transparency rules.

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.


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