Director Shareholding

SCHEDULE 11                                  
                                                                               
         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS          

1) Name of company

Fidelity Special Values PLC

2) Name of director

Douglas Kinloch Anderson

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest

Individual holder

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Fidelity Nominee (Shareholdings) Limited GENPEP Acct (for Douglas Kinloch
Anderson)6,009

Douglas Kinloch Anderson 1,000

IRG Trustees Limited FSP Account(for Mrs Deirdre Anne Kinloch Anderson) 7,007

Mrs Deirdre Anne Kinloch Anderson 2,500

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

Douglas Kinloch Anderson

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

General PEP Account


7) Number of shares/amount of
stock acquired

9

8) Percentage of issued class

0.00%

9) Number of shares/amount
of stock disposed

Nil

10) Percentage of issued class

N/A

11) Class of security

Ordinary 25p shares

12) Price per share

9 shares @ 223p

13) Date of transaction

9 shares - date unknown


14) Date company informed

4 February 2003

15) Total holding following this notification

16,516


16) Total percentage holding of issued class following this notification

0.04%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number



21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
following this notification



23) Any additional information



24) Name of contact and telephone number for queries

Rebecca Burtonwood

Fidelity Investments International

01737 836 869

25) Name and signature of authorised company official responsible for
making this notification

Rebecca Burtonwood for and on behalf of Fidelity Investments International


Date of Notification 4 February 2003