Net Asset Value(s)

Daily NAV Announcement

Fidelity Asian Values Plc

The net asset value (unaudited) for the above fund at midday on 21/11/2005 was:

With debt at par (undiluted): 100.77p.

With debt at fair value (undiluted):  100.66p.

With debt at par (diluted):  100.63p.

With debt at fair value (diluted):   100.54p.

NB. Revenue to date is included in the Net Asset Value calculations.