Fidelity Investments® to Close Fidelity Small Cap Value Fund (Retail and Advisor Share Classes) to New Accounts

BOSTON -- Fidelity Investments®, one of the world’s leading global asset management organizations with more than $1.7 trillion in assets under management, today announced that it is closing Fidelity Small Cap Value Fund (retail and Advisor share classes) to new accounts. As of the close of business on March 1, 2013, new purchases in the fund will be limited to existing shareholders.

Fidelity Small Cap Value Fund seeks capital appreciation by normally investing at least 80% of its assets in securities of companies with small market capitalizations (those with market capitalizations similar to companies in the Russell 2000 Index or the S&P Small Cap 600 Index) and using fundamental analysis to identify companies that management believes are undervalued in the marketplace. The fund, which is co-managed by Chuck Myers and Derek Janssen, has $3.5 billion in assets under management as of January 31, 2013.

“Small Cap Value Fund has experienced a steadily growing asset base and more recently strengthening investor cash flows,” said Brian B. Hogan, president of Fidelity’s Equity Group. “We’ve analyzed the situation closely, and believe that it’s in the interests of shareholders to close the fund to new investors at this time. We believe closing the fund will give Chuck and Derek an opportunity to build upon the fund’s long-term performance track record.”

Fidelity will open new accounts in Fidelity Small Cap Value Fund (retail and Advisor share classes) until 4:00 p.m. ET on March 1, 2013. After that, investors generally will not be able to open new accounts in the fund. However, existing shareholders who are invested in the fund will continue to be able to add to their accounts. Employer-sponsored retirement plans and certain discretionary programs offered by registered investment advisors may be able to open additional accounts for investors if the fund was established as an option as of March 1, 2013. However, after March 1, 2013, Fidelity will no longer accept new investors into the fund, and retirement plan sponsors and advisors who have not established the fund as an investment option by March 1, 2013, will no longer be able to do so.

For investors considering investing in a small cap fund, Fidelity offers several additional options, including: Fidelity Stock Selector Small Cap Fund (retail and Advisor share classes); Fidelity Small Cap Stock Fund; Fidelity Advisor Small Cap Fund; Fidelity Small Cap Growth Fund (retail and Advisor share classes); and Fidelity Small Cap Enhanced Index Fund.

About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $4.0 trillion, including managed assets of $1.7 trillion, as of January 31, 2013. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.

1) With a minimum of $500 million in assets under management

Before investing, consider the funds investment objectives, risks, charges and expenses. Please visit www.fidelity.com or advisor.fidelity.com for a prospectus or if available, a summary prospectus, containing this information.

The Russell 2000® Index is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. It includes approximately 2,000 of the smallest securities in the Russell 300 Index.

The S&P Small Cap 600 Index is a market capitalization-weighted index of 600 small-capitalization stocks.

Past performance is no guarantee of future results.

Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The securities of smaller, less well-known companies can be more volatile than those of larger companies. Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time.

Shareholders may be subject to certain short-term trading fees. Please consult the prospectus for more information.

Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917

Fidelity Investments Institutional Services Company, Inc.
500 Salem Street, Smithfield, RI 02917

National Financial Services LLC, Member NYSE, SIPC
200 Seaport Boulevard, Boston, MA 02110

642496.1.0

© 2013 FMR LLC. All rights reserved.