Result of AGM

Fidelity Asian Values PLC 

At the Company's Annual General Meeting held on 25 November 2004 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 23 September 2004.

- A Special Resolution granting the Directors authority to allot equity
securities for cash without first offering such shares to existing ordinary
shareholders pro-rata to their existing holdings provided this authority is
limited:

to the allotment of equity securities in connection with a rights issue;

to the allotment of equity securities (other than pursuant to a rights issue)
up to an aggregate nominal amount of £1,168,820 - some 5% of the issued share
capital of the Company on 23 September 2004; and

to the allotment of equity securities at a price of not less than the fully
diluted net asset value per share.

- A Special Resolution granting the Company authority to purchase up to 14.99%
of its own shares in issue on 23 September 2004 for cancellation. The maximum
number of shares to be purchased is 14,016,497 ordinary shares.

25 November 2004