The Board of Fidelity Special Values PLC announced, as part of an ongoing programme by Fidelity International to introduce Co-Portfolio Managers, that Jonathan Winton has been appointed as the Company's Co-Portfolio Manager alongside Alex Wright. This will take effect from 3 February 2020. Alex Wright remains the Lead Portfolio Manager and accountable for portfolio construction of the Company. Mr. Winton joined Fidelity as an analyst in 2005. He is the Lead Portfolio Manager of Fidelity UK Smaller Companies Fund and has worked alongside Alex Wright in the Fidelity UK equities team since 2013. The introduction of Jonathan Winton is a logical step given his long-term relationship with Alex Wright and their similar contrarian stock-picking investment approach. It will not result in any changes in terms of investment philosophy, investment process, portfolio characteristics and holdings. investment philosophy, investment process, portfolio characteristics and holdings.