Interim Management Statement

FIDELITY CHINA SPECIAL SITUATIONS PLC - INTERIM MANAGEMENT STATEMENT FOR THE     
QUARTER ENDED 31 DECEMBER 2013                                                   
                                                                                 
Issued pursuant to the requirements of Chapter 4 of the Disclosure and           
Transparency Rules                                                               
                                                                                 
Objective                                                                        
                                                                                 
Fidelity China Special Situations PLC is focused on the long-term growth         
potential of China. The portfolio is made up primarily of securities issued by   
companies listed in China or Hong Kong and Chinese companies listed elsewhere.   
It may also invest in listed companies with significant interest in China and    
Hong Kong.                                                                       
                                                                                 
Benchmark                                                                        
                                                                                 
MSCI China Index (Sterling Equivalent)                                           
                                                                                 
Review of Period (total return)                                                  
                                                                                 
During the period:                                                               
                                                                                 
- the NAV increased by 8.42% (debt at par) against a 1.50% increase for the      
benchmark.                                                                       
                                                                                 
- the share price increased by 9.82%.                                            
                                                                                 
- main portfolio changes are detailed in the top ten holdings below.             
                                                                                 
Gearing was 19.26% on 31 December 2013.                                          
                                                                                 
Material transactions                                                            
                                                                                 
- During the period 9,975,000 shares were repurchased for cancellation.          
                                                                                 
- Since the quarter end 7,475,000 shares have been repurchased for               
cancellation.                                                                    
                                                                                 
Material Events                                                                  
                                                                                 
  * Interim Results for the Company for the 6 months ended 30 September 2013     
    were released on 12 November 2013.                                           
                                                                                 
Additional Information                                                           
              
                                                                   
Details of the Company                                  Dealing Information      
                                                                                 
Fund Manager: Anthony Bolton                            Listed:     London Stock 
                                                                    Exchange     
                                                                                 
Enquiries:    08457 100 456                             Broker:     Cenkos       
                                                                                 
WWW Address:  www.fidelity.co.uk/its                    Price       Financial    
                                                        Quoted:     Times        
              Copies of major                                                    
              announcements and                                                  
              documentation relating                                             
              to the Company may be                                              
              found on the website                                               
                                                                                 
Launch Date:  19 April 2010                             Reuters     FCSS         
                                                        Code:                    
                                                                                 
              As at 31 December 2013 As at 13 February  SEAQ Code:  B62Z3C7      
                                     2014                                        
                                                                                 
Ordinary      585,764,480            578,289,480        ISIN:       GB00B62Z3C74 
Shares In                                                                        
Issue:                                                                           
                                                                                 
Share price   8.11%                  8.41%              Registered               
discount to                                             office                   
NAV:                                                                              
Total Assets: £763.5m                £750.8m            Beech Gate               
                                                        Millfield Lane                     
Loan:         £90.8m                 £90.1m             Lower Kingswood                
                                                                                 
Net Assets:   £672.7m                £660.7m            Tadworth                 
                                                        Surrey                   
1 Gross Asset £803.4m                £794.9m            KT20 6RP                 
Exposure:                                                                        
                                                                                 
2 Gearing:    19.26%                 20.35%                                      
                                                                                 
1 The value of the portfolio to which the Company is exposed, whether through    
direct or indirect investment (including the economic value of the exposure in   
the underlying asset of derivatives, but excluding forward currency contracts).  
                                                                                 
2 Gearing represents Gross Asset Exposure in excess of Net Assets. Gearing is    
achieved through a bank loan and CFDs.                                           
                                                                                 
The Company's net asset value per share is announced daily and may be found on   
the Stock Exchange website www.londonstockexchange.com                           
                                                                                 
Portfolio Breakdowns                                                             
                                                                                 
Industry      As at 31   As at 30     Largest 10       As at 31       As at 30   
Analysis (%   December   September    Holdings (%      December 2013  September  
total assets) 2013       2013         total assets)                   2013       
                                                                                 
Consumer      26.0       22.0         Wing Hang Bank   4.3            4.4        
Discretionary                         Limited                                    
                                                                                 
IT            23.0       27.0         21Vianet Group   3.8            3.0        
                                      ADR                                        
                                                                                 
Financials    23.0       23.0         Tencent Holdings 3.8            3.3        
                                                                                 
Health Care   11.0       11.0         Citic Securities 3.7            3.8        
                                      Company Limited                            
                                                                                 
Industrials   6.0        5.0          AIA Group        2.9            2.9        
                                                                                 
Energy        4.0        3.0          Soufun Holdings  2.6            3.1        
                                      Limited                                    
                                                                                 
Utilities     3.0        2.0          Alibaba Group    2.5            2.7        
                                                                                 
Consumer      2.0        3.0          Saic Motor       2.3            2.4        
Staples                               Corporation                                
                                      Limited                                    
                                                                                 
Telecom       1.0        1.0          Netease Inc**    2.2            -          
Services                                                                         
                                                                                 
Materials     1.0                     China Longyuan   2.2            -          
                                      Power Group**                              
                                                                                 
Other         -          3.0          Sina China*      -              3.0        
                                                                                 
                                      Asiainfo-Linkage -              2.4        
                                      *                                          
                                                                                 
                                                       -                         
                                                                                 
                                      * Not currently in the top 10 holdings     
                                                                                 
                                      ** Not in the top 10 holdings as at 30     
                                      September 2013                             

Performance                                                                    
                                                                               
                 Price at 31  Quarter to   Quarter to   1 Year to   3 Years to 
                 December     31 December  30 September 31 December 31 December
                 2013 (p)     2013         2013         2013        2013       
                                                                               
NAV (debt at     115.57       8.42            14.23        35.98       5.56    
par)                                                                           
                                                                               
Ordinary Share   106.20       9.82            14.02        27.22       -8.37   
price                                                                          
                                                                               
Benchmark Index               1.50             5.06        1.72        -1.88   
                                                                               

As at 13 February 2014 the Company's NAV per share was 114.21p and the
Company's share price was 104.60p per share.

By order of the Board
Christopher Pirnie
For and on behalf of FIL Investments International

Company Secretary
17 February 2014



Past performance is not a guide to future returns. The value of investments can
go down as well as up. For funds that invest in overseas markets, changes in
currency exchange rates may affect the value of an investment. Investments in
small and emerging markets can be more volatile than other more developed
markets. Source of performance: Fidelity and Datastream as at 31 December 2013.
Basis: bid-bid with net income reinvested. Fidelity only gives information
about its own products and services and does not provide investment advice
based on individual circumstances.