Issue of Equity

Fidelity Special Values PLC announces that on 14 November 2002 the Company
allotted 2,651 ordinary 25p shares at a price of 228 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 3,518,028 shares now remain
available for issue under the existing authority. The total number of ordinary
25p shares now in issue is 42,941,636.

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