Holding(s) in Company

NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

All relevant boxes should be completed in block capital letters.

1. Name of listed company            2. Name of shareholder with a major       
                                        interest                               
   Fidelity japanese values plc                                                
                                        Asset Value Investors Limited          

3. Please state whether notification 4. Name of the registered holder(s) and,  
   indicates that it is regarding       if more than one holder, the number of 
   the holding of the shareholder       shares held by each of them            
   named in 2 above; in respect of a                                           
   non-beneficial interest; or in       Registered holders:                    
   the case of an individual holder                                            
   if it is a holding of that           Chase Nominees                         
   person's spouse or children under                                           
   the age of 18                        - British Empire Securities & General  
                                        Trust plc 4,189,000                    
   As above                                                                    
                                        (was 5.27% now 4.27%)                  
                                                                               
                                        Nortrust Nominees                      
                                                                               
                                        - Yale University 3,664,000            
                                                                               
                                        (was 4.09% now 3.73%)                  
                                                                               
                                        Chase Nominees                         
                                                                               
                                        - Rockefeller University 477,000       
                                                                               
                                        (was 0.55% now 0.49%)                  
                                                                               
                                        BoNY Nominees                          
                                                                               
                                        - AVI Value Fund LLC 922,035           
                                                                               
                                        (was 1.13% now 0.94%)                  
                                                                               
                                        BoNY Nominees                          
                                                                               
                                        - CF Asset Value Investors Global Fund 
                                                                               
                                        (formerly AVI Global Fund) 312,262     
                                                                               
                                        (0.40% now 0.32%)                      
                                                                               
                                        State Street Nominees                  
                                                                               
                                        - Carnegie Corporation 766,330         
                                                                               
                                        (was 0.84% now 0.78%)                  
                                                                               
                                        Mellon                                 
                                                                               
                                        - Columbia University 183,732          
                                                                               
                                        (was 0.26% now 0.19%)                  
                                                                               
                                        Pictet et Cie                          
                                                                               
                                        - Lord North Street 137,957            
                                                                               
                                        (was 0.19% now 0.14%)                  

5. Number of      6. Percentage of  7. Number of shares 8. Percentage of      
   shares/amount     issued class      /amount of stock    issued class (any  
   of stock          (any treasury     disposed            treasury shares    
   acquired          shares held by                        held by the listed 
                     the listed        1,850,000           company should not 
   N/A               company should                        be taken into      
                     not be taken                          account when       
                     into account                          calculating        
                     when                                  percentage)        
                     calculating                                              
                     percentage)                           1.88%              
                                                                              
                     N/A                                                      

9. Class of security                10. Date of          11. Date listed       
                                        transaction          company informed  
   Ordinary 25p shares                                                         
                                        16 December 2005     21 December 2005  

12. Total holding following this     13. Total percentage holding of issued    
    notification                         class following this notification (any
                                         treasury shares held by the listed    
    10,652,316                           company should not be taken into      
                                         account when calculating percentage)  
                                                                               
                                         10.85%                                

14. Any additional information       15. Name of contact and telephone number  
                                         for queries                           
                                                                               
                                         TRACEY BENNETT                        
                                                                               
                                         01737 836883                          

16. Name and signature of duly authorised offer of the listed company          
    responsible for making this notification                                   
                                                                               
    TRACEY BENNETT, for and on behalf of fidelity investments international,   
    company secretary                                                          
                                                                               
Date of notification 21 December 2005