Net Asset Value(s)

Daily NAVAnnouncement

Fidelity Special Values Plc

The net asset value (unaudited), with securities valued at bid, for the above
fund at close of business on 27/07/2007 was:

With debt at par: 617.76p.

With debt at fair value: 619.71p.

NB. Revenue to date is included in the Net Asset Value calculation.