Portfolio Update --- Exceptions

Fidelity Special Values PLC

4 September 2006

Pursuant to Listing Rule LR 15.4.11R(1), Fidelity Special Values PLC announces
that, as at 31 August 2006, its investments in other listed investment
companies (including listed investment trusts) which themselves do not have
stated investment policies to invest no more than 15% of their total assets in
other listed investment companies (including listed investment trusts) were as
follows:-

Name of Security % of gross assets

Rutland Trust 0.09%

Contact for queries:

Name: Julian Rhys, Fidelity Investments International

Telephone: [phone]