NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
    RESPONSIBILITY OR CONNECTED PERSONS               

    All relevant boxes should be completed in block capital letters.

    1.  Name of the issuer                 2.   State whether the notification    
                                                relates to (i) a transaction      
        Fidelity Asian Values PLC               notified in accordance with DTR   
                                                3.1.2 R, (ii) a disclosure made in
                                                accordance with LR 9.8.6R(1) or   
                                                (iii) a disclosure made in        
                                                accordance with section 793 of the
                                                Companies Act 2006.               
                                                                                  
                                                (i) and (iii)                     
                                                                                  
    3.  Name of person discharging         4.   State whether notification relates
        managerial responsibilities/            to a person connected with a      
        director                                person discharging managerial     
                                                responsibilities/director named in
        Anthony Grahame Stott                   3 and identify the connected      
                                                person                            
                                                                                  
                                                N/A                               
                                                                                  
    5.  Indicate whether the notification  6.   Description of shares (including  
        is in respect of a holding of the       class), debentures or derivatives 
        person referred to in 3 or 4 above      or financial instruments relating 
        or in respect of a non-beneficial       to shares                         
        interest 1                                                                
                                                Subscription shares of £0.0001    
                                                                                  
        Person referred to in 3                                                   
                                                                                  
    7.  Name of registered shareholder(s)  8.   State the nature of the           
        and, if more than one, the number       transaction                       
        of shares held by each of them                                            
                                                Market purchase.                  
        Anthony Grahame Stott                                                     
                                                                                  
    9.  Number of shares, debentures or    10.  Percentage of issued class        
        financial instruments relating to       acquired (treasury shares of that 
        shares acquired                         class should not be taken into    
                                                account when calculating          
        4,000 subscription shares               percentage)                       
                                                                                  
                                                0.006%                            
                                                                                  
    11. Number of shares, debentures or    12.  Percentage of issued class        
        financial instruments relating to       disposed (treasury shares of that 
        shares disposed                         class should not be taken into    
                                                account when calculating          
        N/A                                     percentage)                       
                                                                                  
                                                N/A                               
                                                                                  
    13. Price per share or value of        14.  Date and place of transaction     
        transaction                                                               
                                                12 January 2017, London, UK       
        £0.31 per share                                                           
                                                                                  
    15. Total holding following            16.  Date issuer informed of           
        notification and total percentage       transaction                       
        holding following notification                                            
        (any treasury shares should not be                                        
        taken into account when                                                   
        calculating percentage)                 16 January 2017                   
                                                                                  
        20,000 ordinary shares (0.03%)                                            
        4,000 subscription shares (0.006%)                                        

    If a person discharging managerial responsibilities has been granted options by
    the issuer complete the following boxes

    17. Date of grant                      18.  Period during which or date on    
                                                which exercisable                 
        N/A                                                                       
                                                Last business day in November,    
                                                2017, 2018, 2019                  
                                                                                  
    19. Total amount paid (if any) for     20.  Description of shares or          
        grant of the option                     debentures involved (class and    
                                                number)                           
        £1,240.00                                                                 
                                                N/A                               
                                                                                  
    21. Exercise price (if fixed at time   22.  Total number of shares or         
        of grant) or indication that price      debentures over which options held
        is to be fixed at the time of           following notification            
        exercise                                                                  
                                                N/A                               
        2017: £14,830.00 (370.75pence per                                         
        share)                                                                    
        2018: £15,270.00 (381.75 pence per                                        
        share)                                                                    
        2019: £15,710.00 (392.75 pence per                                        
        share)                                                                    
                                                                                  
                                                                                  
    23. Any additional information         24.  Name of contact and telephone     
                                                number for queries                
                                                                                  
                                                Natalia de Sousa                  
                                                For and on behalf of              
                                                FIL Investments International     
                                                Company Secretary                 
                                                01737 837846                      

       

    Name of authorised official of issuer responsible for making notification           
                                                                                        
    Natalia de Sousa for FIL Investments  International, Company                        
    Secretary                                                                           
                                                                                        
    Date of notification           16 January                                           
    2017                                                                                

    Notes:  This form is intended for use by an issuer to make a RIS notification
    required by DTR 3.3.

    (1)   An issuer making a notification in respect of a transaction relating to
    the shares or debentures of the issuer should complete boxes 1 to 16, 23 and
    24.

    (2)   An issuer making a notification in respect of a derivative relating the
    shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 23 and 24.

    (3)   An issuer making a notification in respect of options granted to a
    director/person discharging managerial responsibilities should complete boxes 1
    to 3 and 17 to 24.

    (4)   An issuer making a notification in respect of a financial instrument
    relating to the shares of the issuer (other than a debenture) should complete
    boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.