Holding(s) in Company

For filings with the FSA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                   Fidelity Japanese  
of existing shares to which voting rights are                        Values PLC         
attached:ii                                                                             
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                             
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                  Due to company's issue of Subscription Shares ü
                                                                                        
3. Full name of person(s) subject to the        FIL Limited                             
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                  See attached schedule                   
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or               22 December 2009                        
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:               23 December 2009                        
                                                                                        
7. Threshold(s) that is/are crossed or          28%                                     
reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type of     Situation previous     Resulting situation after the triggering       
shares            to the triggering      transaction                                    
                  transaction                                                           
                                                                                        
if possible using Number     Number      Number    Number of voting     % of  voting    
the ISIN CODE     of         of          of shares rights               rights x        
                  Shares     Voting                                                     
                             Rights      Direct    Direct xi Indirect   Direct Indirect 
                                                             xii                        
                                                                                        
Fidelity Japanese                                                                       
Values PLC (ISIN                                                                        
- GB0003328555) - 23,447,845 23,447,845            6,854,100 16,593,745 7.17   17.36    
Ord GBP 0.25                                                                            
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of financial   Expiration Exercise/              Number of voting      % of voting 
instrument          date xiii  Conversion Period xiv  rights that may be    rights      
                                                      acquired if the                   
                                                      instrument is                     
                                                      exercised/ converted.             
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of financial  Exercise  Expiration Exercise/  Number of voting      % of voting    
instrument         price     date xvii  Conversion rights instrument     rights xix, xx 
                                        period     refers to                            
                                        xviii                                           
                                                                                        
                                                                                        
                                                                                        
Subscription                            28         2,612,905             Nominal Delta   
Shares             55p                  February                                        
                                        2013                                            
                                                                                2.73    
                                                                                        
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                      Percentage of voting rights                
                                                                                        
26,060,750                                   27.26                                      
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
See attached schedule                                                                   
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                  FIL Limited              
                                                                                        
11. Number of voting rights proxy holder will acquire to hold: N/A                      
                                                                                        
12. Date on which proxy holder will acquire to hold voting     N/A                      
rights:                                                                                 
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                 Due to revaluation of financial instruments 
                                            in Section C from a nominal value to a delta
                                            value basis.  There has been no transaction 
                                            causing this notification.                  
                                                                                        
                                                                                        
                                                                                        
14. Contact name:                           Evangelos Karatzas                          
                                                                                        
                                                                                        
                                                                                        
15. Contact telephone number:               [e-mail]                    
                                                                                        
                                                                                        
                                                                                        

 


Note: Annex should only be submitted to the FSA not the issuer                          
                                                                                        
Annex: Notification of major interests in sharesxxii                                    
                                                                                        
                                                                                        
                                                                                        
A: Identity of the persons or legal entity subject to the notification                  
obligation                                                                              
                                                                                        
Full name                                                                               
                                                                                        
(including legal form of legal entities)                               FIL Limited (FIL)
                                                                                        
                                                                                        
                                                                                        
Contact address                                                                         
                                                  Pembroke Hall, 42 Crow Lane, Pembroke,
(registered office for legal entities)                                      HM19 Bermuda
                                                                                        
                                                                                        
                                                                                        
Phone number & email                                                                    
                                                                                        
                                                                                        
                                                                                        
Other useful information                                                                
                                                                                        
(at least legal representative for legal persons)                                       
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Identity of the notifier, if applicable                                              
                                                                                        
Full name                                           Rebecca Tyerman For and on behalf of
                                                           FIL Investments International
                                                                                        
                                                                                        
Contact address                                   Kingswood Place, Millfield Lane, Lower
                                                    Kingswood, Tadworth, Surrey KT20 6RB
                                                                                        
                                                                                        
Phone number & email                                                                    
                                                                            01737 837758
                                                                                        
                                                                                        
Other useful information                                                                
                                                                                        
(e.g. functional relationship with the person or                                        
legal entity subject to the notification                                                
obligation)                                                                             
                                                                                        
                                                                                        
                                                                                        
C: Additional information                                                               
                                                                                        
Issuer name: FIDELITY JAPANESE VALUES PLC                                               
                                                                                        
Current ownership percentage: 27.26%                                                    
                                                                                        
Total shares held: 26,060,750                                                           
                                                                                        
Issued share capital: 95,577,453                                                        
                                                                                        
                                                                                        
                                                                                        
FIL Limited (FIL) is the parent holding company for various direct and indirect         
subsidiaries, including FIL Fund Management Limited (FFML), FIL Investment              
Services (UK) Ltd (FISL), FIL Gestion (FIGEST), FIL Asset Management (Korea)            
Limited (FIAKL), FIL Investments Management (Hong Kong) Limited (FIMHK), FIL            
Pensions Management (FPM), Fidelity Investments Japan (FIJ) and FIL Investments         
International (FII), investment managers for various non-US investment                  
companies and institutional clients.                                                    
                                                                                        
                                                                                        
                                                                                        
Ordinary shares                                                                         
                                                                                        
BBHISL Nominees Limited 6,854,100 shares (direct)                                       
                                                                                        
JPMorgan, Bournemouth 188,736 shares (indirect)                                         
                                                                                        
FIL Nominee (Shareholdings) Ltd GENPEP 7,606,509 shares (indirect)                      
                                                                                        
Puddle Dock Nominees Limited 8,246,519 shares (indirect)                                
                                                                                        
Lloyds Bank PLC 551,981 shares (indirect)                                               
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Subscription shares:                                                                    
                                                                                        
BBHISL Nominees Limited 777,803 shares (direct)                                         
                                                                                        
JPMorgan, Bournemouth 21,418 shares (indirect)                                          
                                                                                        
FIL Nominee (Shareholdings) Ltd GENPEP 847,284 shares (indirect)                        
                                                                                        
Puddle Dock Nominees Limited 903,762 shares (indirect)                                  
                                                                                        
Lloyds Bank PLC 62,638 shares (indirect)