Issue of Equity

Fidelity Special Values PLC announces that on 11 November 2002 the Company
allotted 13,683 ordinary 25p shares at a price of 227 pence per share in
respect of the Fidelity Share Plan and Fidelity ISA (which represents a premium
in excess of 2% over the latest net asset value.) The new shares will rank pari
passu with existing ordinary 25p shares. A total of 3,542,688 shares now remain
available for issue under the existing authority. The total number of ordinary
25p shares now in issue is 42,916,976.

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