Portfolio Update

Fidelity Special Values PLC

06 June 2011

Pursuant to Listing Rule LR 15.6.8R, Fidelity Special Values PLC announces
that, as at 31 May 2011, its investments in other listed investment companies
(including listed investment trusts) which themselves do not have stated
investment policies to invest no more than 15% of their total assets in other
listed investment companies (including listed investment trusts) were as
follows:-

Name of Security % of gross assets

Big Yellow Group 0.15

British Land 0.90

Land Securities 0.16

London & Stamford Property PLC 0.63

Cap Shopping Center GP 0.47

Contact for queries:

Name: Rebecca Burtonwood, FIL Investments International

Telephone: [phone]