Issue of Equity

Fidelity Special Values PLC 31 May 2001 Fidelity Special Values PLC announces that on 31 May 2001 the Company allotted 4,993 ordinary 25p shares at a price of 295 pence per share (which represents a premium in excess of 2% over the latest diluted net asset value). This was in respect of shares purchased through the Fidelity Share Plan. The new shares will rank pari passu with existing ordinary 25p shares. The total number of ordinary 25p shares now in issue is 36,390,000.
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