Issue of Equity

Fidelity Special Values PLC announces that on 13 November 2002 the Company
allotted 9,987 ordinary 25p shares at a price of 229 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 3,520,679 shares now remain
available for issue under the existing authority. The total number of ordinary
25p shares now in issue is 42,938,985.

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