Portfolio Management

FIDELITY SPECIAL VALUES PLC                          

Fidelity Special Values PLC announces that it has been advised by Fidelity
Investments International (Fidelity), the manager of the Trust, that Anthony
Bolton, portfolio manager of Fidelity Special Values PLC will continue to
manage the assets of the Company until the end of 2007.

At this time, Mr. Bolton will move away from day-to-day fund management into a
new role at Fidelity including the mentoring and development of Fidelity's UK
and European fund management and research teams.

The Board of Directors will work with Fidelity to ensure an appropriate and
smooth handover at the time.

                                   - ENDS -                                    

For further information, please contact:

Barbara Powley 01737 836883

Fidelity Investments

Richard Miles 01737 837844

Fidelity Investments