Compliance with Model Code

Fidelity Special Values PLC

Transactions in a close period - Listing Rule 15.5.1

Pursuant to LR15.5.1(4) the Company is satisfied that all inside information
which the Directors and the Company may have in the period leading up to the
announcement of the Company's half yearly results for the six months ended 29
February 2012 has previously been notified to PRNewswire (a Regulated
Information Service).

Rebecca Burtonwood

For and on behalf of FIL Investments International

Company Secretary

01737 836869

1 March 2012