Issue of Equity

Fidelity Special Values PLC announces that on 7 November 2002 the Company
allotted 2,447 ordinary 25p shares at a price of 232 pence per share in respect
of the Fidelity Share Plan and Fidelity ISA (which represents a premium in
excess of 2% over the latest net asset value.) The new shares will rank pari
passu with existing ordinary 25p shares. A total of 3,559,712 shares now remain
available for issue under the existing authority. The total number of ordinary
25p shares now in issue is 42,899,952.