Net Asset Value(s)

Daily NAV Announcement

Fidelity Japanese Values PLC

The net asset value (unaudited) for the above Company as at close of business on 09-05-2016 was:

102.51p

The above net asset value was calculated in accordance with applicable accounting standards and AIC recommendations.

All the existing Subscription Share rights were exercised on 9 May 2016 resulting in the issue of 22,496,360 new Ordinary Shares. Consequently, the Company no longer has any rights which, if exercised, would dilute the Net Asset Value attributable to each Ordinary Share and a diluted Net Asset Value per Ordinary Share will no longer be published.