Result of AGM and Directorate change

Fidelity Special Values PLC – results of Annual General Meeting

At the Company's Annual General Meeting held on 15 December 2015 all resolutions were duly passed on a poll.

The resolutions passed under Special Business were as follows:

-           to renew the Directors’ authority to allot a limited number of currently unissued ordinary shares for cash;

-           to issue such shares without first offering them to existing ordinary shareholders pro rata to their existing holdings; and

-           the Company’s authority to purchase up to 14.99% of its own shares in issue on the date of passing the resolution.

Full details of the resolutions will soon be filed with Companies House.

The proxy results for the Company’s Annual General Meeting held on 15 December 2015 will shortly be available at www.fidelity.com/its

At the Annual General Meeting, it was announced that Lynn Ruddick, Chairman, will be stepping down from the Board in July 2016 and that Andy Irvine, Senior Independent Director, will be taking over as Chairman from that date. Ben Thomson and Douglas Kinloch Anderson stepped down from the Board at the conclusion of the meeting today and were thanked for their invaluable contribution to the Board and the Company over the years.

15 December 2015

Contact for queries:                            

Bonita Guntrip

FIL Investments International, Company Secretary

Telephone: [phone]