Paul Nawrot to Lead Expansion in Region

BOSTON, May 21, 2008 - Fidelity Investments today announced the expansion of its benefits consulting practice, establishing a Dallas/Fort Worth Metroplex office. The new office will be located in Southlake, Texas. Paul Nawrot was named the head of the practice.

Nawrot, a veteran Fidelity benefits consultant based most recently in the Chicago office, will focus on helping mid- to large-size employers in the region assess the effectiveness of their benefits programs. The Fidelity benefits consulting group provides a holistic approach to benefits design, strategy, funding, as well as communications and delivery.

"We're seeing a strong demand for our approach as employers continue to look for more comprehensive and creative solutions to their benefits and compensation challenges," said Brad Kimler, executive vice president for benefits consulting services at Fidelity Investments. "I am delighted to have someone with Paul's energy and creativity lead our efforts as we look to significantly grow our presence in the region."

For more than 10 years, Nawrot has focused on helping employers manage and understand the financial risks of employee benefit programs as well as aligning strategic opportunities with a sponsor's business needs. This includes Asset Liability Management (ALM), design, strategy, demographic analysis, communication, and administration consulting. Prior to joining Fidelity in 2005, he was a retirement consultant for Mercer Human Resource Consulting.

Nawrot holds a B.S. degree in actuarial science and mathematics from the University of Iowa. He is a Fellow of the Society of Actuaries (FSA), an Enrolled Actuary (EA) of the Joint Board, and a member of the American Society of Actuaries (MAAA). Nawrot is also a candidate of the Chartered Financial Analyst (CFA) program.

Fidelity's benefits consulting group currently has offices in Boston, New York, San Francisco and Chicago.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of more than $3.3 trillion, including managed assets of more than $1.5 trillion as of April 30, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

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