Fidelity Special Values PLC announces that on 14 October 2003 the Company
allotted 2,104 ordinary 25p shares at a price of 312 pence per share (which
represents a premium in excess of 2% over the latest net asset value) in
respect of the Fidelity ISA. The new shares will rank pari passu with existing
ordinary 25p shares.

A total of 2,088,027 shares now remain available for issue under the existing
authority.

The total number of ordinary 25p shares now in issue is 45,609,084.



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