Result of AGM

Fidelity Special Values PLC - results of Annual General Meeting

At the Company's Annual General Meeting held on 15 December 2011 all
resolutions were duly passed.

The resolutions passed under Special Business were as follows:

- The Directors' authority to allot a limited number of currently unissued
ordinary shares for cash was renewed;

- The Directors' authority to issue such shares without first offering such
shares to existing ordinary shareholders pro rata to their existing holdings
has been renewed; and

- The Company's authority to purchase up to 14.99% of its own shares in issue
on as at 4 November 2011 for cancellation has been renewed. The maximum number
of shares to be purchased is 8,427,212.

15 December 2011

Contact for queries:

Rebecca Burtonwood, FIL Investments International, Company Secretary

Telephone: [phone]