Annual Report and Accounts

Fidelity Special Values PLC

3 November 2005

Annual Report for the year to 31 August 2005 and proxy form

Copies of the above documents have been submitted to the UK Listing Authority,
and are available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel: [phone]