FIDELITY INVESTMENTS MOVES GLOBAL AND INTERNATIONAL EQUITY FUNDS AND GLOBAL ASSET ALLOCATION FUNDS TO MARCH YEAR-END TORONTO, February 23, 2005 – Fidelity Investments Canada Limited is changing the fiscal year-end for its global and international equity funds and its global asset allocation funds. The Board of Directors has approved the change from the current February 28 year-end (or 29 in a leap year) to a March 31 yearend and notice has been filed with the appropriate regulatory agencies. Fidelity is making the change to align with traditional quarterly periods, which will simplify reporting for investors and advisors. The change takes effect immediately. Fidelity’s next annual report for these funds will be dated March 31, 2005 and their semi-annual reports will be produced as at September 30, 2005. For all Fidelity Focus funds, the existing March 31 year-end remains in place and for Canadian and U.S. funds the existing June 30 year-end remains in place. This change in fiscal year-ends does not affect the date of any payment of distributions that may be made by these funds (currently made in late December of each year). Fidelity Investments is Canada's eighth largest mutual fund company and part of the Fidelity Investments organization of Boston, one of the world's largest providers of financial services. In Canada, Fidelity manages more than $31 billion in assets and offers Canadian investors a full range of domestic and foreign-content mutual funds. Fidelity funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies. Fidelity Investments also administers $4 billion in defined contribution and defined benefit assets on behalf of corporate clients across Canada. -30For further information: Media: Kimberly Flood, Vice-President, External Communications (416) 217-7566