Fidelity Special Values PLC announces that on 20 November 2003 the Company
allotted 42,756 ordinary 25p shares at a price of 306 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 the Fidelity ISA. The new shares will
rank pari passu with existing ordinary 25p shares.

A total of 1,866,856 shares now remain available for issue under the existing
authority.

The total number of ordinary 25p shares now in issue is 45,830,255.



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