Issue of Equity

Fidelity Special Values PLC announces that on 17 September 2002 the Company
allotted 404 ordinary 25p shares at a price of 247 pence per share (which
represents a premium in excess of 2% over the latest net asset value) in
respect of the Fidelity Share Plan. The new shares will rank pari passu with
existing ordinary 25p shares. A total of 669,193 shares now remain available
for issue under the existing authority. The total number of ordinary 25p shares
now in issue is 42,132,402.