AGM Statement

Fidelity Special Values PLC - results of Annual General Meeting

At the Company's Annual General Meeting held on 13 December 2012 all
resolutions were duly passed.

The resolutions passed under Special Business were as follows:

- The Directors' authority to allot a limited number of currently unissued
ordinary shares for cash was renewed;

- The Directors' authority to issue such shares without first offering such
shares to existing ordinary shareholders pro rata to their existing holdings
has been renewed; and

- The Company's authority to purchase up to 14.99% of its own shares in issue
on as at 6 November 2012 for cancellation has been renewed. The maximum number
of shares to be purchased is 8,151,396.

13 December 2012

Contact for queries:

Christopher Pirnie, FIL Investments International, Company Secretary

Telephone: [phone]