Issue of Equity

Fidelity Special Values PLC announces that on 24 March 2003 the Company
allotted 21,759 ordinary 25p shares at a price of 213 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 2,769,441 shares now remain available for issue under the existing
authority.

The total number of ordinary 25p shares now in issue is 43,841,510.