Doc re. AIFM - Material Contracts

Fidelity Special Values PLC                          

 NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE 
WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD") 

Fidelity Special Values PLC (the "Company") announces that with effect from 22
July 2014, the Company has entered into the arrangements necessary to ensure
compliance with the AIFMD.

Following a review of the Company's arrangements, the Company's Board of
Directors (the "Board") has approved the appointment of FIL Investment Services
(UK) Limited ("FISLUK") as the Company's Alternative Investment Fund Manager ("
AIFM") on the terms of and subject to the conditions of a new secretarial and
management services agreement between the Company and FISL (UK). FISL (UK) is
an affiliate of FIL Investments International ("FII") and has been approved as
an AIFM by the UK's Financial Conduct Authority.

FII has been appointed by FISL (UK) as investment manager and company secretary
to the Company, pursuant to a delegation agreement. The management fee and
notice period remain unchanged.

The Board has also approved the appointment of J.P. Morgan Europe Limited (the
"Depositary"), of 25 Bank Street, London E14 5JP, United Kingdom, to act as the
Company's Depositary (as required by the AIFMD) on the terms and subject to the
conditions of a Depositary agreement entered into between the Company, the AIFM
and the Depositary.

The Company's Custodian, JPMorgan Chase Bank NA will remain as Custodian as a
delegate of the Depositary.

For enquiries please contact:

Christopher Pirnie
Head of UK and Ireland Company Secretariat
FIL Investments International
Company Secretary
01737 837929

21 July 2014