Annual General Meeting

Fidelity Special Values PLC
12 December 2000



At the Annual General Meeting held on 12 December 2000, 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 without first offering such shares to existing
ordinary shareholders pro rata to their existing holdings has been renewed.

The Company's authority to purchase its own shares for cancellation has been
renewed up to a limit of 14.8% of the number of ordinary shares in issue on 26
October 2000.

Enquiries : Barbara Powley - Fidelity Investments International 01737 836883