Fidelity Special Values PLC announces that on 9 December 2003 the Company
allotted 2,346 ordinary 25p shares at a price of 318 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 1,753,088 shares now remain available for issue under the existing
authority.

The total number of ordinary 25p shares now in issue is 45,944,023.



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