Annual Information Update

Fidelity Special Values PLC                          

In accordance with Prospectus Rule 5.2, the information published during the 12
months ended 31 August 2005 in respect of Fidelity Special Values PLC is as
follows:-

Further details may be obtained from the Company Secretary or from the London
Stock Exchange website (www.londonstockexchange.com/rns)

All of the information was notified via PRNewswire. Please note that some of
the information announced during the period may now be out of date.

The Company's net asset values have been announced each business day during the
past year. These are not separately noted in the schedule below.

Notifiable event                                                 Date of       
                                                                 announcement  
                                                                               
Portfolio Update as at 31 August 2004                            02.09.04      
                                                                               
Portfolio Update - exceptions as at 31 August 2004               02.09.04      
                                                                               
Confirmation of filing monthly factsheet with Document           08.09.04      
Disclosure team as at 31 August 2004                                           
                                                                               
Blocklisting return for the 6 months to 10 September 2004 - ISA  10.09.04      
                                                                               
Blocklisting return for the 6 months to 17 September 2004 -      17.09.04      
Share Plan                                                                     
                                                                               
Issue of shares                                                  23.09.04      
                                                                               
Issue of shares                                                  24.09.04      
                                                                               
Blocklisting return as at 24 September 2004 - General Corporate  24.09.04      
Purposes                                                                       
                                                                               
Issue of shares                                                  27.09.04      
                                                                               
Issue of shares                                                  29.09.04      
                                                                               
Issue of shares                                                  30.09.04      
                                                                               
Issue of shares                                                  01.10.04      
                                                                               
Portfolio update as at 30 September 2004 - exceptions            04.10.04      
                                                                               
Issue of shares                                                  04.10.04      
                                                                               
Issue of shares                                                  05.10.04      
                                                                               
Issue of shares                                                  06.10.04      
                                                                               
Issue of shares                                                  07.10.04      
                                                                               
Issue of shares                                                  11.10.04      
                                                                               
Issue of shares                                                  12.10.04      
                                                                               
Issue of shares                                                  13.10.04      
                                                                               
Issue of shares                                                  14.10.04      
                                                                               
Issue of shares                                                  19.10.04      
                                                                               
Issue of shares                                                  21.10.04      
                                                                               
Loan Agreement                                                   22.10.04      
                                                                               
Loan drawdown                                                    25.10.04      
                                                                               
Confirmation of filing monthly factsheet with Document           26.10.04      
Disclosure team as at 30 September 2005                                        
                                                                               
Issue of shares                                                  26.10.04      
                                                                               
Preliminary announcement of results as at 31 August 2004         27.10.04      
                                                                               
Issue of shares                                                  29.10.04      
                                                                               
Blocklisting return for the six months to 30 October 2004 -      01.11.04      
Share Plan                                                                     
                                                                               
Portfolio update as 31 October 2004 - exceptions                 02.11.04      
                                                                               
Issue of shares                                                  05.11.04      
                                                                               
Confirmation of filing annual report with Document Disclosure    10.11.04      
team for the year to 31 August 2004                                            
                                                                               
Confirmation of filing monthly factsheet with Document           10.11.04      
Disclosure team as at 31 October 2004                                          
                                                                               
Issue of shares                                                  25.11.04      
                                                                               
Issue of shares                                                  26.11.04      
                                                                               
Portfolio update as at 30 November 2004                          02.12.04      
                                                                               
Portfolio update as at 30 November 2004 - exceptions             02.12.04      
                                                                               
Issue of shares                                                  03.12.04      
                                                                               
Issue of shares                                                  07.12.04      
                                                                               
Result of AGM of 9 December 2004                                 09.12.04      
                                                                               
Directorate change - S Haslam and N McCabe                       09.12.04      
                                                                               
Issue of shares                                                  09.12.04      
                                                                               
Confirmation of filing of AGM resolutions with Document          10.12.04      
Disclosure team                                                                
                                                                               
Issue of shares                                                  10.12.04      
                                                                               
Additional listing - general corporate purposes                  13.12.04      
                                                                               
Confirmation of filing monthly factsheet with Document           14.12.04      
Disclosure team as at 30 November 2004                                         
                                                                               
Issue of shares                                                  15.12.04      
                                                                               
Director's shareholding - Nicky McCabe                           16.12.04      
                                                                               
Director's shareholding - Douglas Kinloch Anderson               16.12.04      
                                                                               
Issue of shares                                                  16.12.04      
                                                                               
Issue of shares                                                  20.12.04      
                                                                               
Issue of shares                                                  23.12.04      
                                                                               
Portfolio update as at 31 December 2004 - exceptions             05.01.05      
                                                                               
Additional listing - general corporate purposes                  05.01.05      
                                                                               
Issue of shares                                                  05.01.05      
                                                                               
Issue of shares                                                  12.01.05      
                                                                               
Issue of shares                                                  13.01.05      
                                                                               
Issue of shares                                                  14.01.05      
                                                                               
Issue of shares                                                  17.01.05      
                                                                               
Issue of shares                                                  18.01.05      
                                                                               
Confirmation of filing monthly factsheet with Document           19.01.05      
Disclosure team as at 31 December 2004                                         
                                                                               
Issue of shares                                                  19.01.05      
                                                                               
Loan drawdown - tranche B                                        26.01.05      
                                                                               
Issue of shares                                                  01.02.05      
                                                                               
Issue of shares                                                  02.02.05      
                                                                               
Portfolio update as at 31 January 2005 - exceptions              02.02.05      
                                                                               
Additional listing - general corporate purposes                  03.02.05      
                                                                               
Issue of shares                                                  04.02.05      
                                                                               
Issue of shares                                                  07.02.05      
                                                                               
Issue of shares                                                  08.02.05      
                                                                               
Blocklisting return for the six months to 13 February 2005 -     14.02.05      
general corporate purposes                                                     
                                                                               
Issue of shares                                                  15.02.05      
                                                                               
Confirmation of filing monthly factsheet with Document           16.02.05      
Disclosure team                                                                
                                                                               
Issue of shares                                                  18.02.05      
                                                                               
Issue of shares                                                  24.02.05      
                                                                               
Portfolio update as at 28 February 2005                          02.03.05      
                                                                               
Portfolio update as at 28 February 2005 - exceptions             02.03.05      
                                                                               
Issue of shares                                                  03.03.05      
                                                                               
Confirmation of filing monthly factsheet with Document           08.03.05      
Disclosure team as at 28 February 2005                                         
                                                                               
Issue of shares                                                  08.03.05      
                                                                               
Blocklisting return for the six months to 10 March 2005 - ISA    10.03.05      
                                                                               
Issue of shares                                                  14.03.05      
                                                                               
Blocklisting return for the six months to 17 March 2005 - Share  17.03.05      
Plan                                                                           
                                                                               
Issue of shares                                                  18.03.05      
                                                                               
Blocklisting return for the six months to 24 March 2005 -        24.03.05      
general corporate purposes                                                     
                                                                               
Issue of shares                                                  30.03.05      
                                                                               
Portfolio update as at 31 March 2005 - exceptions                04.04.05      
                                                                               
Confirmation of filing monthly factsheet with Document           15.04.05      
Disclosure team as at 31 March 2005                                            
                                                                               
Preliminary announcement of interim results to 28 February 2005  22.04.05      
                                                                               
Portfolio update as at 30 April 2005 - exceptions                04.05.05      
                                                                               
Confirmation of filing monthly factsheet with Document           13.05.05      
Disclosure team as at 30 April 2005                                            
                                                                               
Portfolio update as at 31 May 2005                               02.06.05      
                                                                               
Portfolio update as at 31 May 2005 - exceptions                  02.06.05      
                                                                               
Blocklisting return for the six months to 16 June 2005 - general 16.06.05      
corporate purposes                                                             
                                                                               
Confirmation of filing monthly factsheet with Document           22.06.05      
Disclosure team as at 31 May 2005                                              
                                                                               
Portfolio update as at 30 June 2005 - exceptions                 04.07.05      
                                                                               
Blocklisting return for the six months to 10 July 2005 - general 11.07.05      
corporate purposes                                                             
                                                                               
Confirmation of filing monthly factsheet with Document           15.07.05      
Disclosure team as at 30 June 2005                                             
                                                                               
Appointment of Lynn Ruddick on 22 July 2005                      25.07.05      
                                                                               
Portfolio update as at 31 July 2005 - exceptions                 02.08.05      
                                                                               
Blocklisting return for six months to 8 August 2005 - general    08.08.05      
corporate purposes                                                             
                                                                               
Director shareholding - Lynn Ruddick                             22.08.05      
                                                                               
Confirmation of filing monthly factsheet with Document           23.08.05      
Disclosure team as at 31 July 2005                                             
                                                                               
Director shareholding - Lynn Ruddick                             25.08.05      

Contact details for queries:

Stephen Westwood

Head of Investment Trusts, Fidelity

Tel: [phone]

Rebecca Burtonwood

For and on behalf of

Fidelity Investments International

Company Secretary

01737 836 869