Proxy Voting Records Glossary
    
Fidelity Advisor Asset Manager 70%
For the 12 month period: Jul 1, 2007 and Jun 30, 2008
CRESUD, S.A.C.I.F. Y A.
Meeting Type: Annual Ticker: CRESYSecurity ID: 226406106
Meeting Date: Oct 10, 2007
Proposed by: Management Back to Meetings
# ProposalManagement
Recommendation		 Vote
1 APPOINTMENT OF TWO SHAREHOLDERS TO APPROVE AND SIGN THE SHAREHOLDERS MEETING MINUTES. Unknown None 1
2 CONSIDERATION OF THE DOCUMENTATION PROVIDED FOR IN SECTION 234, SUBSECTION 1 OF LAW 19,550, RELATING TO THE FISCAL YEAR ENDED JUNE 30,2007. Unknown None 1
3 CONSIDERATION OF THE BOARD S PERFORMANCE. Unknown None 1
4 CONSIDERATION OF THE SURVEILLANCE COMMITTEE S PERFORMANCE. Unknown None 1
5 TREATMENT AND ALLOCATION OF RESULTS OF THE FISCAL YEAR ENDED JUNE 30, 2007. Unknown None 1
6 CONSIDERATION OF THE COMPENSATION PAYABLE TO THE BOARD OF DIRECTORS. Unknown None 1
7 CONSIDERATION OF THE COMPENSATION PAYABLE TO THE SURVEILLANCE COMMITTEE IN RESPECT OF THE YEAR ENDED JUNE 30, 2007. Unknown None 1
8 DETERMINATION OF THE NUMBER OF REGULAR DIRECTORS AND ALTERNATE DIRECTORS, IF THE CASE MAY BE, AND ELECTION THEREOF. Unknown None 1
9 APPOINTMENT OF THE REGULAR AND ALTERNATE MEMBERS OF THE SURVEILLANCE COMMITTEE. Unknown None 1
10 APPOINTMENT OF THE CERTIFYING ACCOUNTANT FOR THE NEXT FISCAL YEAR AND DETERMINATION OF THE COMPENSATION PAYABLE THERETO. Unknown None 1
11 UPDATING OF THE REPORT RELATING TO THE SHARED SERVICES AGREEMENT. Unknown None 1
12 CAPITAL STOCK INCREASE BY THE SUM OF UP TO $180,000,000 (PESOS ONE HUNDRED AND EIGHTY MILLION) PAR VALUE. Unknown None 1
13 DELEGATION TO THE BOARD OF DIRECTORS OF THE POWER TO FIX ALL THE TERMS AND CONDITIONS OF THE ISSUANCE THAT ARE NOT EXPRESSLY DETERMINED BY THE SHAREHOLDERS MEETING. Unknown None 1
14 APPROVAL OF AN OPTION WITHOUT CONSIDERATION TO SUBSCRIBE FOR THE COMPANY S COMMON SHARES GRANTED TO THE SUBSCRIBERS OF THE CAPITAL STOCK INCREASE PROVIDED FOR IN AGENDA ITEM 12. Unknown None 1
15 REDUCTION OF THE TERM FOR EXERCISING PREEMPTIVE AND ACCRETION RIGHTS TO 10 CALENDER DAYS PURSUANT TO SECTION 194 OF LAW 19,550 AS AMENDED. Unknown None 1
16 CONSIDERATION OF THE AMENDMENT TO THE FOLLOWING SECTIONS OF THE CORPORATE BY-LAWS: (I) SECTION THIRTEEN (13), AND (II) SECTION SIXTEEN (16). Unknown None 1
 
 1 No vote was entered for this proposal where (a) certain restrictions or pre-conditions on voting may, if followed, have adversely affected investment management of the fund's portfolio holdings, such as "share blocking rules" that prohibit sales during the shareholder solicitation and voting process; (b) requirements for contemporaneous public disclosure of holdings may have hampered the fund's execution of trading plans or strategies; (c) on the election of directors, shareholders were required to vote, or were permitted to cumulate their vote, for fewer than all nominees to a company's board of directors; and/or (d) administrative or operational constraints impeded the ability to cast a timely vote.
 
 Fidelity displays agenda items and descriptions as they are provided by the issuer and the vote processing agent. These descriptions may include special characters such as asterisks. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.
 
 
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