Net Asset Value(s)

Daily NAV Announcement

Fidelity Special Values Plc

The net asset value (unaudited), with securities valued at bid, for the above
fund at close of business on 20/07/2006 was:

With debt at par: 525.44p.

With debt at fair value: 525.54p.

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