Issue of Equity

Fidelity Special Values PLC
27 November 2001



Fidelity Special Values PLC announces that on 27 November 2001 the Company
allotted 16,632 ordinary 25p shares at a price of 270 pence per share (which
represents a premium in excess of 2% over the latest net asset value). This
was in respect of shares purchased through the Fidelity Share Plan and
Fidelity ISA. The new shares will rank pari passu with existing ordinary 25p
shares.

The total number of ordinary 25p shares now in issue is 38,120,474.