Issue of Equity

Fidelity Special Values PLC announces that on 20 August 2002 the Company
allotted 56,853 ordinary 25p shares at a price of 252 pence per share (which
represents a premium in excess of 2% over the latest net asset value). This was
in respect of shares purchased through the Fidelity Share Plan and the Fidelity
ISA. The new shares will rank pari passu with existing ordinary 25p shares. A
total of 1,284,083 shares now remain available for issue under the existing
authority. The total number of ordinary 25p shares now in issue is 41,517,512.