Portfolio Update

Fidelity Special Values PLC

03 April 2009

Pursuant to Listing Rule LR 15.6.8R, Fidelity Special Values PLC announces
that, as at 31 March 2009, 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

Alpha Tiger Ppty Trust 0.03

British Land 2.29

Local Shopping REIT 0.03

Land Securities 1.65

Big Yellow Group 0.53

Brookwell `B' 0.05

Hammerson 0.47

Contact for queries:

Name: Mrs Tracey Cousins, FIL Investments International

Telephone: [phone]