TR-1 Substantial Shareholding

For filings with the FCA 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 Values Plc                
of existing shares to which voting rights are                                                      
attached: ii                                                                                       
                                                                                                   
2 Reason for the notification (please tick the appropriate box or boxes):                          
                                                                                                   
An acquisition or disposal of voting rights                                                  X     
                                                                                                   
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       FIL Limited                                         
notification obligation: iii                                                                       
                                                                                                   
4. Full name of shareholder(s)                 See section 9                                       
 (if different from 3.):iv                                                                         
                                                                                                   
5. Date of the transaction and date on         20th May 2015                                       
which the threshold is crossed or                                                                  
reached: v                                                                                         
                                                                                                   
6. Date on which issuer notified:              22nd  May  2015                                     
                                                                                                   
7. Threshold(s) that is/are crossed or         18%                                                 
reached: vi, vii                                                                                   
                                                                                                   

   

8. Notified details:                                                                                    
                                                                                                        
A: Voting rights attached to shares viii, ix                                                            
                                                                                                        
Class/type of    Situation previous           Resulting situation after the triggering transaction      
shares           to the triggering                                                                      
                 transaction                                                                            
if possible                                                                                             
using            Number         Number        Number      Number of voting        % of  voting rights x 
the ISIN CODE    of             of            of shares   rights                                        
                 Shares         Voting                                                                  
                                Rights        Direct      Direct xi  Indirect xii Direct      Indirect  
                                                                                                        
                 18,352,324     18,352,324                6,184,920  12,176,027   5.42%       10.67%    
GB0003328555                                                                                            
                                                                                                        
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 rights    % of voting rights 
instrument         price        date xvii  Conversion     instrument refers to       xix, xx            
                                           period xviii                                                 
                                                                                                        
Subscription       86.50p                  29th April                      2,173,716 Nominal     Delta  
shares                                     2016                                                         
                                                                                                        
                                                                                                 1.91%  
                                                                                                        
Total (A+B+C)                                                                                           
                                                                                                        
Number of voting rights                             Percentage of voting rights                         
                                                                                                        
20,534,663                                          18.00%                                              
                                                                                                        

   

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                    7,062,189                FIL                     
                                                                                            
JP MORGAN, BOURNEMOUTH                      765,056                 FISL                    
                                                                                            
FIL NOMINEE (SHAREHOLDINGS) LTD            6,058,430                FIL                     
GENPEP                                                                                      
                                                                                            
BNY MELLON NOMINEES LTD                    6,648,986                FIL                     
                                                                                            
Grand Total                                20,534,663                                       
                                                                                            
Proxy Voting:                                                                               
                                                                                            
10. Name of the proxy holder:                             FIL Limited                       
                                                                                            
11. Number of voting rights proxy holder will acquire:    30,247                            
                                                                                            
12. Date on which proxy holder will acquire voting        20th May 2015                     
rights:                                                                                     
                                                                                            
                                                                                            
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                                         Natalia de Sousa  For and on behalf of FIL
                                                                   Investments International
                                                                                            
Contact address                                       Kingswood Place, Millfield Lane, Lower
                                                        Kingswood, Tadworth, Surrey KT20 6RB
                                                                                            
Phone number & email                                                            01737 837846
                                                                                            
Other useful information                                                   Company Secretary
(e.g. functional relationship with the                                                      
person or legal entity subject to the                                                       
notification obligation)