Fidelity Japanese Values PLC ("the Company")                  

                               Transaction in own Shares                           

    The Company announces that it has today repurchased for cancellation 50,000 of
    its own shares at a price of 81.50 pence per share. The total number of shares
    now in issue is 114,168,356.

    Natalia de Sousa

    For and on behalf of FIL Investments International

    Company Secretary

    01737 837846

    15 January 2016