Statement re Conversion of C Shares

Fidelity China Special Situations PLC

Conversion of C Shares

Fidelity China Special Situations PLC (the "Company") announces that the C
Shares currently in issue will be converted into Ordinary Shares at the
following rate calculated in accordance with the Company's prospectus dated 7
January 2011 (the "Prospectus").

0.9483 Ordinary Shares for every C Share (the "Conversion Ratio")

On the basis of the Conversion Ratio, a holder of 1,000 C Shares will receive
948 Ordinary Shares in accordance with the following timetable:

Admission of new Ordinary Shares to the 1 March 2011                           
Official List and on the London Stock                                          
Exchange                                                                       
                                                                               
Share certificates in respect of new    Week commencing 7 March 2011           
Ordinary Shares expected to be                                                 
despatched by                                                                  

The C Shares will be delisted on 1 March 2011 and an application has been made
for 157,654,480 new Ordinary Shares to be admitted to the Official List and to
trading on the London Stock Exchange from the same date.

Following conversion of the C Shares, the enlarged number of Ordinary Shares in
issue will be 656,404,480.

Terms defined in the Prospectus shall have the same meaning in this
announcement.

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