Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Fidelity Japanese Values PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				Y
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):
3. Full name of person(s) subject to the notification obligation: iii		FIL Limited
4. Full name of shareholder(s)  (if different from 3.):iv		See section 9
5. Date of the transaction and date on which the threshold is crossed or reached: v		8 June 2015
6. Date on which issuer notified:		10 June 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		17% &18%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Indirect

Direct xi

Indirect xii

Direct

Indirect

GB0003328555

18,342,795

18,342,795

4,664,988

4,664,988

12,156,334

4.09%

10.66%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Subscription shares

86.50p

29 April 2016

2,196,557

Nominal

Delta

1.93%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

19,017,879

16.68%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Custodian  Total Management Company BBHISL NOMINEES LIMITED         5,553,608 FIL JP MORGAN, BOURNEMOUTH           766,010 FISL FIL NOMINEE (SHAREHOLDINGS) LTD GENPEP         6,058,593 FIL BNY MELLON NOMINEES LTD         6,639,667 FIL Grand Total       19,017,879
Proxy Voting:
10. Name of the proxy holder:		FIL Limited
11. Number of voting rights proxy holder will cease to hold:		1,621,714
12. Date on which proxy holder will cease to hold voting rights:		8 June 2015
13. Additional information:	None
14. Contact name:	Sally-Ann Hatton
15. Contact telephone number:	[e-mail], 01737 837148

B: Identity of the notifier, if applicable
Full name	Christopher Pirnie For and on behalf of FIL Investments International
Contact address	Kingswood Place, Millfield Lane, Lower Kingswood, Tadworth, Surrey KT20 6RB
Phone number & email	01737 837929
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	Head of UK Company Secretariat