Doc re. Subscription Share Issue

Fidelity Japanese Values PLC ("the Company")

Subscription Share Issue

The Company announces that on 3 June 2015 it issued and allotted 2,248 ordinary
25p shares with effect from 31 May 2015 in respect of shares arising on the
exercise of the conversion rights attaching to subscription shares.

The total issued ordinary share capital is now 114,039,774. Therefore, the
total number of voting rights in the Company is also 114,039,774.

The conversion rights attaching to the remaining total of 22,705,921
subscription shares have not yet been exercised.

Natalia de Sousa                                

FIL Investments International, Company Secretary

01737 837846

3 June 2015