Loan Rate Facility - Total Gearing Now 20%

Fidelity Asian Values PLC
29 November 1999




The Board of Fidelity Asian Values PLC announces that on 29 November 1999 it
drew down for value on 1 December 1999 a fixed rate loan facility of the US
dollar equivalent of £20million (US$32 million) at an interest rate of 7.03%
per annum, repayable on 27 September 2001.  This results in total gearing of
approximately 20%.

Enquiries: Barbara Powley - Fidelity Investments International - 01737 836883