Issue of Equity

Fidelity Special Values PLC announces that on 20 November 2002 the Company allotted 60,144 ordinary 25p shares at a price of 230 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 3,439,047 shares now remain available for issue under the existing authority.

The total number of ordinary 25p shares now in issue is 43,020,617.
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