FJV Fidelity Japan Trust Plc

Daily NAV Announcement

Fidelity Japanese Values PLC

The net asset values (unaudited) for the above company as at close of business on 27-07-2015 were:

Undiluted             97.69p

Diluted                 95.84p

The above net asset value was calculated on a "cum" income basis in accordance with applicable accounting standards and AIC recommendations.  The AIC publishes the Company's "ex income" net asset value on a monthly basis.