AGM Statement

Fidelity Special Values PLC - results of Annual General Meeting

At the Company's Annual General Meeting held on 16 December 2009 all
resolutions were duly passed.

The resolutions passed under Special Business were as follows:

- The Directors' authority to allot a limited number of currently unissued
ordinary shares for cash was renewed;

- The Directors' authority to issue such shares without first offering such
shares to existing ordinary shareholders pro rata to their existing holdings
has been renewed;

- The Company's authority to purchase up to 14.99% of its own shares in issue
on as at 3 November 2009 for cancellation has been renewed. The maximum number
of shares to be purchased is 8,535,140; and

  * Revised Articles of Association have been adopted as the Articles of
    Association of the Company in substitution for, and to the exclusion of,
    the existing Articles of Association.
   
16 December 2009

Contact for queries:

Christopher Pirnie, FIL Investments International, Company Secretary

Telephone: [phone]