Revolving Credit Facility

The Board of Fidelity Special Values PLC ("the Company") announces that on 24
April 2008 the Company entered into a Revolving Facility Agreement with Abbey
National Treasury Services Plc for £20 million at an initial rate of interest
to be determined. The term of the Agreement is for 364 days. The rate of
interest applicable to an advance pursuant to this agreement during its term
shall be the rate per annum equal to the aggregate of LIBOR and the agreed
margin. It will be repayable on or around 23 April 2009.

It is the Board's intention that the proceeds of this loan will be used in
accordance with the Company's investment policy.

On drawing down the loan the Company will have the following loans in place:-

Royal Bank of Scotland fixed rate unsecured loan of £8 million with a maturity
date of 16 January 2009;

Barclays Bank fixed rate unsecured loan of £27 million with a maturity date of
26 January 2010; and

Abbey National Treasury Services revolving credit facility of £20 million at an
initial rate to be determined with a final maturity date on or around 23April
2009.

Enquiries: Mrs Tracey Cousins, Fidelity Investments International, 01737 836883

24 April 2008