Issue of Equity

Fidelity Special Values PLC
15 October 2001



Fidelity Special Values PLC announces that on 15 October 2001 the Company
allotted 2,997 ordinary 25p shares at a price of 244 pence per share (which
represents a premium in excess of 2% over the latest net asset value). This
was in respect of shares purchased through the Fidelity Share Plan and
Fidelity ISA. The new shares will rank pari passu with existing ordinary 25p
shares.

The total number of ordinary 25p shares now in issue is 37,866,768.