Result of AGM

Fidelity Special Values PLC - results of Annual General Meeting

At the Company's Annual General Meeting held on 12 December 2013 all
resolutions, with the exception of resolution 15, were duly passed. Resolution
15 which related to amending the Articles of Association was withdrawn upon
agreement with the shareholders.

The resolutions passed under Special Business were as follows:

- The Directors' authority to allot a limited number of currently unissued
ordinary shares or shares held in Treasury for cash was approved;

- The Directors' authority to issue such shares without first offering such
shares to existing ordinary shareholders pro rata to their existing holdings
has been approved;

- The Company's authority to purchase up to 14.99% of its own shares in issue
(excluding Treasury shares) on as at 4 November 2013 for immediate cancellation
or for retention as Treasury shares has been approved. The maximum number of
shares to be purchased is 8,113,921; and

- that the Company continue to carry on in business as an investment trust.

The proxy results will be available on the Company's website
(www.fidelity.co.uk/its) in due course.

12 December 2013

Contact for queries:

Christopher Pirnie, FIL Investments International, Company Secretary

Telephone: [phone]