NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

All relevant boxes should be completed in block capital letters.

1.   Name of the issuer                 2.   State whether the notification
                                             relates to (i) a transaction
     Fidelity Special Values PLC             notified in accordance with DTR
                                             3.1.2 R, (ii) a disclosure made in
                                             accordance with LR 9.8.6R(1) or
                                             (iii) a disclosure made in
                                             accordance with section 793 of the
                                             Companies Act 2006.

                                             (i) and (iii)

3.   Name of person discharging         4.   State whether notification relates
     managerial responsibilities/            to a person connected with a
     director                                person discharging managerial
                                             responsibilities/director named in
     Benjamin Thomson                        3 and identify the connected
                                             person

                                             Benjamin Thomson (Director)

                                             Lucy Thomson (wife of Benjamin
                                             Thomson)

5.   Indicate whether the notification  6.   Description of shares (including
     is in respect of a holding of the       class), debentures or derivatives
     person referred to in 3 or 4 above      or financial instruments relating
     or in respect of a non-beneficial       to shares
     interest 1
                                             Ordinary shares of 25p each
     Benjamin Thomson

     Lucy Thomson

7.   Name of registered shareholder(s)  8.   State the nature of the
     and, if more than one, the number       transaction
     of shares held by each of them
                                             Dividend re-investment
     Benjamin Thomson - 9,155 ordinary
     shares                                  Dividend Re-investment

     Lucy Thomson - 11,157 ordinary
     shares

9.   Number of shares, debentures or    10.  Percentage of issued class
     financial instruments relating to       acquired (treasury shares of that
     shares acquired                         class should not be taken into
                                             account when calculating
     Benjamin Thomson - 155 shares           percentage)

     Lucy Thomson - 189 shares               Less than 0.001%

11.  Number of shares, debentures or    12.  Percentage of issued class
     financial instruments relating to       disposed (treasury shares of that
     shares disposed                         class should not be taken into
                                             account when calculating
     n/a                                     percentage)

                                             n/a

13.  Price per share or value of        14.  Date and place of transaction
     transaction
                                             10 January 2014
     155 ordinary shares at £9.27722
     per share and 189 ordinary shares
     at £9.26 per share

15.  Total holding following            16.  Date issuer informed of
     notification and total percentage       transaction
     holding following notification
     (any treasury shares should not be      10 January 2014
     taken into account when
     calculating percentage)

     20,312 ordinary shares (0.04%)

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17.  Date of grant                      18.  Period during which or date on
                                             which exercisable

19.  Total amount paid (if any) for     20.  Description of shares or
     grant of the option                     debentures involved (class and
                                             number)

21.  Exercise price (if fixed at time   22.  Total number of shares or
     of grant) or indication that price      debentures over which options held
     is to be fixed at the time of           following notification
     exercise

23.  Any additional information         24.  Name of contact and telephone
                                             number for queries

                                             Christopher Pirnie

                                             For and on behalf of

                                             FIL Investments International

                                             Company Secretary

                                             01737 837929

Name of authorised official of issuer responsible for making notification

Christopher Pirnie for FIL Investments International, Company Secretary

Date of notification 10 January 2014

Notes: This form is intended for use by an issuer to make a RIS notification
required by DTR 3.3.

(1) An issuer making a notification in respect of a transaction relating to the
shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director
/person discharging managerial responsibilities should complete boxes 1 to 3
and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should complete
boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.