Issue of Equity

Fidelity Special Values PLC
20 April 2001


Fidelity Special Values PLC announces that on 20 April 2001 the Company
allotted 26,549 ordinary 25p shares at a price of 271 pence per share (which
represents a premium in excess of 2% over the latest diluted net asset value).
This was in respect of shares purchased through the Fidelity Share Plan. The
new shares will rank pari passu with existing ordinary 25p shares.

The total number of ordinary 25p shares now in issue is 35,991,238.