Directorate Change

The Board of Fidelity Japanese Values PLC is pleased to announce that Sir
Laurence Magnus will be appointed as a non-executive Director of the Company on
1 October 2010.

Sir Laurie is Chairman of Lexicon Partners, the privately owned corporate
finance advisory business, Deputy Chairman of The National Trust and a director
or trustee of a number of private companies and charities.

Previously, Sir Laurie worked for Samuel Montagu & Co Limited (HSBC Investment
Bank) in a corporate finance advisory capacity, including a number of years
spent in Singapore with responsibilities for South East Asia. He was
subsequently, in succession, a director of Phoenix Securities, a Managing
Director of Donaldson, Lufkin and Jenrette and a Managing Director of Credit
Suisse First Boston before joining Lexicon Partners in 2001.

He is Chairman of J.P. Morgan Income & Capital Trust PLC and a director of The
Cayenne Trust PLC.

He resigned as a Director of Climate Exchange PLC on 19 July 2010 and TT
Electronics PLC on 19 July 2007.

It is confirmed that there is no further information to be disclosed under
Listing Rule 9.6.13R (2) to (6).

Rebecca Burtonwood

FIL Investments International

Company Secretary

Tel: [phone]

28 September 2010