Portfolio Update

Fidelity Special Values PLC

List of Top Ten Investments and all Holdings over 5% of Gross Assets at 30
November 2006, announced in accordance with Listing Rule LR 15.4.11R(2).

Security Description                         % Gross Assets
                                                           
Tesco                                                   5.0
                                                           
Reed Elsevier                                           3.5
                                                           
Vodafone Group                                          3.1
                                                           
Reuters Group                                           3.0
                                                           
Sainsbury (J)                                           3.0
                                                           
Statoil Asa                                             2.5
                                                           
BG Group                                                2.5
                                                           
Shire                                                   2.3
                                                           
Amlin                                                   2.2
                                                           
Premier Farnell                                         2.1
                                                           
Total                                                  29.2

Contact for queries:

Name: Julian Rhys, Fidelity Investments International

Telephone: [phone]