Directorate Change

Fidelity Japanese Values PLC

The Board of Fidelity Japanese Values PLC is pleased to announce that Mr David
Miller OBE has been appointed as a non-executive director of the Company with
effect from 29 October 2004.

Mr Miller's current directorships are set out below:-

FBG Investment Ltd

Humberts Leisure Limited

Mr Miller's past directorships are set out below:-

Magus Funds (Bermuda)

Liontrust Ltd

It is confirmed that there is no information to be disclosed under paragraph
6.F.2 (b) to (g).

For further information please contact:

Barbara Powley

Fidelity Investments 01737 836883