Fidelity Japanese Values PLC ("the Company")                  

                               Transaction in own Shares                           

    The Company announces that it has today repurchased for cancellation 70,000 of
    its own shares at a price of 81 pence per share. The total number of shares now
    in issue is 114,098,356.

    Natalia de Sousa
    For and on behalf of FIL Investments International
    Company Secretary
    01737 837846

    28 January 2016