29 October 2003

                  FIDELITY SPECIAL VALUES PLC ("the Company")                  

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Application has been made to the Financial Services Authority and the London
Stock Exchange Plc for 653,500 Ordinary shares of 25P each ("shares") to be
admitted to the Official List.

It is expected that admission will be granted on 31 October 2003 and trading
will commence on 3 November 2003.

These shares are being reserved under a block listing and will be issued
pursuant to the following scheme:

                           Scheme                                 Shares      
                                                                              
Fidelity Investment Trust Share Plan                              326,750     
                                                                              
Fidelity Investment Trust ISA                                     326,750     

When issued these shares will rank pari passu with the existing Ordinary
shares.



END