Portfolio Update

Fidelity Special Values PLC

4 March 2008

List of Top Ten Investments and all Holdings over 5% of Gross Assets at 29
February 2008, announced in accordance with Listing Rule LR 15.6.8R(2).

Security Description                         % Gross Assets
                                                           
Reed Elsevier                                           4.7
                                                           
Glaxosmithkline                                         4.5
                                                           
HSBC Holdings (UK reg)                                  3.9
                                                           
Vodafone Group                                          3.6
                                                           
BG Group                                                3.2
                                                           
Alliance and Leicester                                  3.2
                                                           
StatoilHydro                                            3.1
                                                           
Royal Dutch Shell `A' (UK)                              2.9
                                                           
Provident Financial                                     2.9
                                                           
Compass Group                                           2.8
                                                           
Total                                                  34.8

Contact for queries:

Name: Mrs Tracey A Cousins, Fidelity Investments International

Telephone: [phone]