Transaction in Own Shares

Fidelity Special Values PLC announces that the Company, on 23 January 2008,
repurchased 300,000 of its own shares for cancellation at a price of 505.00
pence per share. The total number of ordinary shares now in issue is
57,682,003.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International

Company Secretary

01737 836 869

23 January 2008