FIDELITY SPECIAL VALUES PLC: Further re EGM to be held on 10 July 2008

Fidelity Special Values PLC - Extraordinary General Meeting - 10 July 2008

An Extraordinary General Meeting has been convened by the Company to take place
on 10 July 2008. The sole purpose of the meeting is to seek shareholder
approval to make various changes, in light of the Companies Act 2006, to the
Company's Articles of Association.

It has come to the Board's attention that some shareholders regard the proposed
provision for a dispute resolution procedure limiting any arbitration to the UK
to be a dilution of shareholders' rights. While this provision was included to
protect the Company from costly litigation overseas, the Board has decided that
should the resolution to adopt the new Articles of Association be passed on 10
July 2008, this particular provision will be deleted, subject to shareholder
approval at the next shareholder meeting (December 2008), thus avoiding the
additional expense of convening another EGM to implement the change.

Enquiries: Mrs Tracey Cousins, FIL Investments International, 01737 836883

4 July 2008



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