Issue of Equity

Fidelity Special Values PLC announces that on 11 February 2003 the Company
allotted 695 ordinary 25p shares at a price of 223 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 3,049,434 shares now remain available for issue under the existing
authority.

The total number of ordinary 25p shares now in issue is 43,561,517.