Pyramis Global Advisors^® Earns Three Asian “Best of the Best Awards”

Young Chin Named Co-CIO of the Year in Asia; Firm Wins Best 3-Year Performance Awards For U.S. Small Cap Equity and U.S. Fixed Income

SMITHFIELD, RHODE ISLAND, USA and HONG KONG -- Pyramis Global Advisors^®, a Fidelity Investments^® company and leading global institutional multi-asset class manager, today announced that Chief Investment Officer Young Chin was named co-winner of Asia Asset Management’s 2011 CIO of the Year Award in Asia.

Pyramis also was named the best performing asset manager in the “U.S. Fixed Income, Investment Grade” and “U.S. Small Cap Equity” categories for the three-year period. Pyramis’ awards are part of Asia Asset Management magazine’s annual Best of the Best Awards. Asia Asset Management is Asia’s oldest monthly journal covering the institutional investment management and pension markets.

“On behalf of Pyramis, our clients and shareholders, I am truly honored to receive this recognition,” said Chin. “I am even more honored that our U.S. investment grade and small cap equity teams have been recognized for the exceptional, risk-adjusted three-year performance they have delivered. These awards are the result of a lot of hard work by each and every one of our fixed income and equity investment professionals around the globe.”

According to Asia Asset Management, its annual Best of the Best Awards program recognizes financial institutions and pension funds for outstanding achievements over the past calendar year. The Awards are divided into three categories: Performance, Country and Regional awards.

• The performance awards are dedicated to measure the accomplishments of each company based on the performance statistics of funds being managed.

• The regional awards are designed to identify Asia’s finest performers from financial services companies and institutional investors to service providers, whose influence and excellence expands beyond borders. These are firms that have boldly led the way in terms of innovation, service to clients, best practices and overall expertise in their field.

• The country awards are focused on the comparison of achievements and skill of each fund management company against other companies from the same country.

“This is the second consecutive year Asia Asset Management has recognized our performance, a reinforcement of the global investment management capabilities we have developed to help us meet the rapidly evolving needs of our institutional and retail clients worldwide,” said Chin.

About Pyramis Global Advisors
Pyramis Global Advisors, a Fidelity Investments company, delivers asset management products and services designed to meet the needs of institutional investors around the world. Pyramis is a multi-asset class manager with extensive experience managing investments for and serving the needs of some of the world’s largest corporate and public defined benefit and defined contribution plans, endowments and foundations, insurance companies, and financial institutions. The firm offers traditional long-only and alternative equity, as well as fixed income and real estate debt and REIT investment strategies. As of December 31, 2011, assets under management totaled more than $165 billion USD. Headquartered in Smithfield, RI, USA, Pyramis offices are located in Boston, Toronto, Montreal, London, and Hong Kong.

Past performance is no guarantee of future results.

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