Issue of Equity

Fidelity Special Values PLC announces that on 14 March 2003 the Company
allotted 5,209 ordinary 25p shares at a price of 206 pence per share (which
represents a premium in excess of 2% over the latest net asset value) in
respect of the Fidelity Share Plan and ISA. The new shares will rank pari passu
with existing ordinary 25p shares.

A total of 2,882,818 shares now remain available for issue under the existing
authority.

The total number of ordinary 25p shares now in issue is 43,728,133.