Transaction in Own Shares

Fidelity Asian Values PLC announces that the Company, on 20 March 2012
repurchased 500,000 of its own shares for cancellation at a price of 193 pence
per share. The total number of shares now in issue is 60,232,097.

Rebecca Burtonwood

For and on behalf of FIL Investments International

Company Secretary

01737 836869

20 March 2012