Transactions in a Close Period

Fidelity Japanese Values PLC

Transactions in a close period – Listing Rule 15.5.1

Pursuant to LR15.5.1(4) the Company is satisfied that all inside information which the Directors and the Company may have in the period leading up to the announcement of the Company’s half-yearly results for the six months to 30 June 2016 has previously been notified to PRNewswire (a Regulated Information Service).

Following the implementation of  the Market Abuse Regulation (MAR) on 3 July 2016, the Company will be following the obligations imposed by MAR with regard to dealing in the Company’s shares during a closed period by PDMRs (persons discharging managerial responsibilities). This period will run from the end of the financial period up to the release of the Company’s half-yearly results or, if longer, the period 30 days before such release.

Natalia de Sousa

For and on behalf of FIL Investments International

Company Secretary

01737 837846

1 July 2016