EGM Statement

Fidelity Special Values PLC
14 September 2001



At an Extraordinary General Meeting of the Company held today, 14 September
2001, all resolutions were duly passed.

The resolutions were as follows:

- An ordinary resolution granting the Board the authority to allot further
securities in the Company up to an aggregate nominal value of £469,651 (being
5% of the nominal value of the ordinary shares in issue on 22 August 2001).

- A special resolution granting authority to the Board 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.



14 September 2001