Fixed Rate Loan Facility of £10m - Details

Fidelity Special Values PLC
28 January 2000

The Board of Fidelity Special Values PLC announces that it has drawn down for
value on 28 January a fixed rate loan facility of £10million at an interest
rate of 7.82% per annum repayable after 5 years.  The Company has also put in
place a five year committed revolving credit facility for up to £6 million. 
An amount of £2.5 million has been drawn down for value on 28 January for a
period of 6 months under this facility at an interest rate of 7.11406% per
annum. This will result in total gearing of approximately 16% after repayment
of the Equity Index-Linked Unsecured Loan Stock 2004 on 31 January 2000.

Enquiries: Barbara Powley - Fidelity Investments International - 01737 836883