AGM Statement

Fidelity Asian Values PLC
29 November 2001



At the Company's Annual General Meeting held on 29 November 2001, all
resolutions were duly passed.

The resolutions passed under Special Business were as follows:

- An Ordinary Resolution granting the Directors authority to allot relevant
securities up to an aggregate nominal amount being approximately 5% of the
issued share capital of the Company as at 27 September 2001:

- A Special Resolution granting the Directors authority to allot a limited
number of equity securities for cash, without first offering such shares to
existing ordinary shareholders pro-rata to their existing holdings, has been
renewed.

- A Special Resolution granting the Company authority to purchase up to 14.9%
of its own shares in issue on 27 September 2001 for cancellation has been
renewed. The maximum number of shares to be purchased is 14,163,000 ordinary
shares.

- An Ordinary Resolution authorising the Company to continue to carry on
business as an investment trust.

John Lo has been appointed the Company's portfolio manager with immediate
effect.