Directorate Change

The Board of Fidelity Special Values PLC is pleased to announce that Mr Ben
Thomson will be appointed as a non-executive Director of the Company with
effect from 1 January 2008.

Mr Thomson, aged 44, is Chairman of the Edinburgh investment banking firm,
Noble Group Limited, through which he has a strong background in investment
management. The Group has six FSA-regulated subsidiaries including Noble and
Company, which is both a sponsor and broker on the London Stock Exchange.
Before that, he worked at Kleinwort Benson Limited in London. He was previously
a non-executive director of Wellington Underwriting plc, a quoted insurance
company. He is also a director of Scottish Financial Enterprise, Oval Limited
and the Governors of the Patrons of the National Galleries of Scotland.

Mr Thomson is a director of Martin Currie Portfolio Investment Trust PLC.

It is confirmed that there is no further information to be disclosed under
Listing Rule 9.6.13 R (2) to (6).

Mrs Tracey Cousins

Fidelity Investments International

Company Secretary

Tel: [phone]

21 December 2007