Statement re confirmation of proposed C Share i...

Fidelity China Special Situations PLC - confirmation of proposed C Share issue

On 9 November 2010, the Board announced that it was considering increasing the
number of the Company's shares in issue, subject to Shareholder approval,
through a public issue of shares in which priority will be given to
Shareholders as part of an open offer, offer for subscription and placing.

The Board is pleased to provide further details of this proposal. The offer
will be by way of an issue of C Shares via an open offer to all existing
shareholders, and an offer for subscription and placing.

The C shares will be issued with an issue price of 100p and will convert into
Ordinary Shares of the Company. The number of ordinary shares arising on the
conversion of the C Shares will be determined on the basis of the respective
net asset values of each share class on the conversion day, expected to be
Friday 25 February.

The number of C shares available under the issue has yet to be determined. Full
details will be included in the Prospectus expected to be published and
available to existing Shareholders on 7 January 2011.

Prospective investors can register their interest now online at 
www.fidelity.co.uk to ensure they receive an information pack as soon as it
becomes available.

Proposed Timetable*

30 December 2010  Record date for participation in open offer                  
                                                                               
7 January 2011    Prospectus publication date; open offer and offer for        
                  subscription open                                            
                                                                               
11 February 2011  General meeting of the shareholders to approve the proposals;
                                                                               
15 February 2011  latest date for receipt of applications under open offer and 
                  offer for subscription                                       
                                                                               
18 February 2011  Board meeting to agree allotment of C shares                 
                                                                               
18 February 2011  Announcement of results of the open offer, offer for         
                  subscription and placing                                     
                                                                               
25 February 2011  C share admission to LSE                                     
                                                                               
28 February 2011  C shares convert into new ordinary shares                    

* Subject to approval by the UK Listing Authority

Christopher Pirnie, FIL Investments International

Company Secretary

Contact for queries:

For Press Enquiries, please contact Anne Read on 020 7961 4409 or 07850 549839
and for all other queries, please contact the Company's Broker, Cenkos
Securities plc through Charlie Ricketts 020 7397 1910 or Will Rogers 020 7397
1920