Interim Management Statement

FIDELITY CHINA SPECIAL SITUATIONS PLC - INTERIM MANAGEMENT STATEMENT FOR THE    
QUARTER ENDED 30 JUNE 2014                                                      
                                                                                
Issued pursuant to the requirements of Chapter 4 of the Disclosure and          
Transparency Rules                                                              
                                                                                
Objective                                                                       
                                                                                
Fidelity China Special Situations PLC is focused on the long-term growth        
potential of China. The portfolio is made up primarily of securities issued by  
companies listed in China or Hong Kong and Chinese companies listed elsewhere.  
It may also invest in listed companies with significant interest in China and   
Hong Kong.                                                                      
                                                                                
Benchmark                                                                       
                                                                                
MSCI China Index (Sterling Equivalent)                                          
                                                                                
Review of Period (total return)                                                 
                                                                                
During the period:                                                              
                                                                                
- the NAV increased by 1.8% (debt at par) against a 2.9% increase for the       
benchmark.                                                                      
                                                                                
- the share price decreased by 0.67%.                                           
                                                                                
- main portfolio changes are detailed in the top ten holdings below.            
                                                                                
Gearing was 22.5% on 30 June 2014.                                              
                                                                                
Material transactions                                                           
                                                                                
Material Events                                                                 
                                                                                
  * The AGM was held on 18 July 2014 and the proxy results provided on the      
    Company's website.                                                          
                                                                                
Additional Information                                                          
                                                                                
Details of the Company                                 Dealing Information      
                                                                                
Fund Manager: Dale Nicholls                            Listed:     London Stock 
                                                                   Exchange     
                                                                                
Enquiries:    08457 100 456                            Broker:     Cenkos       
                                                                                
WWW Address:  www.fidelity.co.uk/                      Price       Financial    
              its                                      Quoted:     Times        
                                                                                
              Copies of major                                                   
              announcements and                                                 
              documentation                                                     
              relating to the                                                   
              Company may be found                                              
              on the website                                                    
                                                                                
Launch Date:  19 April 2010                            Reuters     FCSS         
                                                       Code:                    
                                                                                
              As at 30 June 2014    As at 15 August    SEAQ Code:  B62Z3C7      
                                    2014                                        
                                                                                
Ordinary      571,354,480           571,354,480        ISIN:       GB00B62Z3C74 
Shares In                                                                       
Issue:                                                                          
                                                                                
Share price   11.79%                10.5%              Registered               
discount to                                            office                   
NAV:                                                                            
                                                                                
Total Assets: £668m                 £734m              Beech Gate               
                                                                                
                                                       Millfield                
                                                       Lane                     
Loan:         £87.7m                £89.9m                                      
                                                       Lower                    
                                                       Kingswood                
                                                                                
Net Assets:   £577.2m               £643.8m            Tadworth                 
                                                                                
                                                       Surrey                   
                                                                                
1 Gross Asset £817.9m               £865.4m            KT20 6RP                 
Exposure:                                                                       
                                                                                
                                                                                
                                                                                
2 Gearing:    22.5%                 18.0%                                       
                                                                                
1 The value of the portfolio to which the Company is exposed, whether through   
direct or indirect investment (including the economic value of the exposure in  
the underlying asset of derivatives, but excluding forward currency contracts). 
                                                                                
2 Gearing represents Gross Asset Exposure in excess of Net Assets. Gearing is   
achieved principally through a bank loan and CFDs.                              
                                                                                
The Company's net asset value per share is announced daily and may be found on  
the Stock Exchange website www.londonstockexchange.com                          
                                                                                
Portfolio Breakdowns                                                            
                                                                                
Industry      As at 30   As at 31    Largest 10      As at 30 June   As at 31   
Analysis (%   June 2014  March 2014  Holdings        2014            March 2014 
total assets)                                                                   
                                     (% total                                   
                                     assets)                                    
                                                                                
Consumer      31.6       30.3        Tencent         9.8             4.7        
Discretionary                                                                   
                                                                                
IT            25.3       22.8        Alibaba Group   4.6             3.9        
                                                                                
Financials    20.8       25.3        Citic           3.8             2.9        
                                     Securities                                 
                                     Company                                    
                                                                                
Health Care   13.4       13.5        Limited         3.4             -          
                                                                                
                                     Ping An                                    
                                     Insurance Group                            
                                                                                
Energy        7.1        5.9         Hutchison China 3.0             2.3        
                                                                                
Industrials   6.6        7.3         Green Dragon    3.0             -          
                                     Gas Limited                                
                                                                                
Utilities     5.1        4.6         Lee's           2.7             2.1        
                                     Pharmaceutical                             
                                                                                
Materials     3.7        1.9         21Vianet Group  2.7             2.6        
                                                                                
Consumer      3.5        3.1         BItauto         2.6             -          
Staples                              Holdings                                   
              1.2        1.9                         2.3             -          
Telecoms                             Li Ning Company                            
                                     Limited                                    
Services                                                                        
                                                                                
                                     Wing Hang Bank* -               4.7        
                                                                                
                                     AIA Group*      -               2.7        
                                                                                
                                     Hutchison China -               2.4        
                                     Meditech*                                  
                                                                                
                                     SAIC Motor      -               2.2        
                                     Corporations*                              
                                                     -               1.9        
                                     Netease, Inc*                              
                                                                                
                                     * Not currently in the top 10 holdings     

Performance                                                                    
                                                                               
                 Price at 30 Quarter to   Quarter to   1 Year to   3 Years to  
                 June 2014   30 June 2014 30 March     30 June     30 June 2014
                 (p)         (%)          2014 (%)     2014 (%)    (%)         
                                                                               
NAV (debt at     116.88      1.78            -0.52        25.6        19.79    
par)                                                                           
                                                                               
Ordinary Share   103.10      -0.67           -2.26        21.6         3.01    
price                                                                          
                                                                               
Benchmark Index              2.88            -6.50        2.60        -4.08    
                                                                               

As at 15 August 2014 the Company's NAV per share was 128.41p and the Company's
share price was 115.50p per share.

By order of the Board

Faith Pengelly

For and on behalf of FIL Investments International

Company Secretary

19 August 2014

Past performance is not a guide to future returns. The value of investments can
go down as well as up. For funds that invest in overseas markets, changes in
currency exchange rates may affect the value of an investment. Investments in
small and emerging markets can be more volatile than other more developed
markets. Source of performance: Fidelity and Datastream as at 31 December 2013.
Basis: bid-bid with net income reinvested. Fidelity only gives information
about its own products and services and does not provide investment advice
based on individual circumstances.