Issue of Equity

Fidelity Special Values PLC
22 March 2002




Fidelity Special Values PLC announces that on 22 March 2002 the Company allotted
22,507 ordinary 25p shares at a price of 295 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 39,965,885.







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