Annual Information Update

Fidelity Japanese Values PLC                          

In accordance with Prospectus Rule 5.2, the information published during the
period 1 January 2006 - 27 March 2007 in respect of Fidelity Japanese Values
PLC is as follows:-

Further details may be obtained from the Company Secretary or from the London
Stock Exchange website (www.londonstockexchange.com/rns).

All of the information was notified via PRNewswire. Please note that some of
the information announced during the period may now be out of date.

The Company's net asset values have been announced each business day during the
past year. These are not separately noted in the schedule below.

Subject/Notifiable Event                                    Date SX notified   
                                                                               
Portfolio update as at 31 December 2005                     03.01.06           
                                                                               
Blocklisting return - Share Plan and ISA                    19.01.06           
                                                                               
Confirmation of filing monthly factsheet as at 31 December  01.02.06           
2005                                                                           
                                                                               
Substantial shareholding - Asset Value Investors Limited    05.01.06           
                                                                               
Substantial shareholding - Asset Value Investors Limited    01.02.06           
                                                                               
Amendment re Management Agreement                           07.02.06           
                                                                               
Substantial shareholding - Asset Value Investors Limited    28.02.06           
                                                                               
Substantial shareholding - Legal and General Investment     07.03.06           
Management                                                                     
                                                                               
Confirmation of filing monthly factsheet as at 31 January   09.03.06           
2006                                                                           
                                                                               
Annual Information Update                                   09.03.06           
                                                                               
Preliminary Announcement of Unaudited Results as at 31      14.03.06           
December 2005                                                                  
                                                                               
Annual report and proxy form - availability                 24.03.06           
                                                                               
Portfolio update as at 31 March 2006                        04.04.06           
                                                                               
Substantial shareholding - Asset Value Investors            04.04.06           
                                                                               
Confirmation of filing monthly factsheet as at 28 February  04.04.06           
2006                                                                           
                                                                               
Confirmation of filing monthly factsheet as at 31 March     02.05.06           
2006                                                                           
                                                                               
Substantial shareholding - Asset Value Investors            10.04.06           
                                                                               
AGM statement                                               27.04.06           
                                                                               
Confirmation of filing AGM resolutions                      02.05.06           
                                                                               
Confirmation of filing monthly factsheet as at 30 April     22.05.06           
2006                                                                           
                                                                               
Substantial shareholding - Asset Value Investors Limited    02.06.06           
                                                                               
Confirmation of filing monthly factsheet as at 31 May 2006  19.06.06           
                                                                               
Substantial shareholding - Asset Value Investors Limited    02.06.06           
                                                                               
Blocklisting return - General Corporate Purposes            15.06.06           
                                                                               
Portfolio update as at 30 June 2006                         05.07.06           
                                                                               
Confirmation of filing monthly factsheet as at 30 June 2006 31.07.06           
                                                                               
Interim results 2006                                        03.08.06           
                                                                               
Confirmation of filing interim report 2006                  15.08.06           
                                                                               
Confirmation of filing monthly factsheet as at 31 July 2006 21.08.06           
                                                                               
Confirmation of filing monthly factsheet as at 31 August    29.09.06           
2006                                                                           
                                                                               
Portfolio update as at 30 September 2006                    03.10.06           
                                                                               
Confirmation of filing monthly factsheet as at 30 September 25.10.06           
2006                                                                           
                                                                               
Substantial shareholding - Asset Value Investors Limited    09.10.06           
                                                                               
Confirmation of filing monthly factsheet as at 31 October   24.11.06           
2006                                                                           
                                                                               
Block listing return                                        15.12.06           
                                                                               
Confirmation of filing monthly factsheet as at 30 November  21.12.06           
2006                                                                           
                                                                               
Voting Rights and Capital                                   29.12.06           
                                                                               
Portfolio update as at 31 December 2006                     02.01.07           
                                                                               
Confirmation of filing monthly factsheet as at 31 December  17.01.07           
2006                                                                           
                                                                               
Blocklisting return - Share Plan and ISA                    19.01.07           
                                                                               
Confirmation of filing monthly factsheet as at 31 January   21.02.07           
2007                                                                           
                                                                               
Substantial shareholding - Legal and General Group plc      27.02.07           
                                                                               
Preliminary Announcement of Results as at 31 December 2006  09.03.07           
                                                                               
Substantial shareholding - Barclays PLC                     12.03.07           
                                                                               
Substantial shareholding - Barclays PLC                     13.03.07           
                                                                               
Substantial shareholding - Lloyds TSB Group plc             19.03.07           
                                                                               
Substantial shareholding - Barclays PLC                     19.03.07           
                                                                               
Confirmation of filing monthly factsheet as at 28 February  20.03.07           
2007                                                                           
                                                                               
Substantial shareholding - Asset Value Investors Limited    22.03.07           

Contact details for queries:

Miss Tracey A Bennett

For and on behalf of

Fidelity Investments International

Company Secretary

01737 836 883