Issue of Equity

Fidelity Special Values PLC
4 April 2002



Fidelity Special Values PLC announces that on 4 April 2002 the Company allotted
39,369 ordinary 25p shares at a price of 307 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 the 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 40,179,322.



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