Fidelity Special Values PLC announces that on 2 April 2003 the Company allotted
34,896 ordinary 25p shares at a price of 209 pence per share (which represents
a premium in excess of 2% over the latest net asset value) in respect of the
Fidelity Share Plan and ISA. The new shares will rank pari passu with existing
ordinary 25p shares.

A total of 2,656,452 shares now remain available for issue under the existing
authority.

The total number of ordinary 25p shares now in issue is 43,954,499.



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