Issue of Equity

Fidelity Special Values PLC
26 March 2002


Fidelity Special Values PLC announces that on 26 March 2002 the Company allotted
24,194 ordinary 25p shares at a price of 297 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 40,024,447.


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