Transaction in Own Shares

Fidelity Special Values PLC announces that the Company, on 21 May 2007,
repurchased 750,000 of its own shares for cancellation at a price of 612.9
pence per share. The total number of shares now in issue is 61,720,460.

Miss Tracey A Bennett

For and on behalf of Fidelity Investments International,

Company Secretary

21 May 2007