Portfolio Update

Fidelity Asian Values PLC List of Top Ten Investments and all Holdings over 5% of Gross Assets at 31 October 2006 announced in accordance with Listing Rule LR 15.4.11R(2) Security Description % Gross Assets Li and Fung 5.1 Samsung Electronics 4.5 Hon Hai Precision Industry 4.4 CNOOC 4.2 China Mobile 4.1 Hyundai Motor 3.1 Midas Holdings 2.9 Kookmin Bank New 2.9 NHN 2.7 Shinsegae 2.6 36.5 Contact for queries: Name: Julian Rhys, Fidelity Investments International Telephone: 01737 837795