Compliance with Model Code

Fidelity Special Values PLC

Transactions in a close period - Listing Rule 15.5.1

Pursuant to LR15.5.1(4) the Company is satisfied that all inside information
which the Directors and the Company may have in the period leading up to the
announcement of the Company's final results for the year ended 31 August 2008
has previously been notified to PRNewswire (a Regulated Information Service).

Mrs Tracey Cousins

For and on behalf of FIL Investments International

Company Secretary

01737 836883

1 September 2008