Portfolio Update

Fidelity Special Values PLC

Pursuant to Listing Rule LR 15.6.8R, Fidelity Special Values PLC announces that, as at 31 August 2016 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

Marwyn Value Investors                        0.20

AXA Prop Trust                                  0.28

Electra Private Equity                           1.23

Mckay Securities                               0.26

Vietnam Infra (PVT EQ SH)                      0.05

Contact for queries:

Name: Bonita Guntrip, FIL Investments International

Telephone: [phone]