0000320351-13-000051 Sample Contracts

SUB-ADVISORY AGREEMENT between FMR CO., INC. and FIDELITY MANAGEMENT & RESEARCH COMPANY
Sub-Advisory Agreement • March 28th, 2013 • Fidelity Select Portfolios • Massachusetts

AGREEMENT made this 14th day of December, 2012, by and between FMR Co., Inc., a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the "Sub-Adviser") and Fidelity Management & Research Company, a Massachusetts corporation with principal offices at 82 Devonshire Street, Boston, Massachusetts (hereinafter called the "Adviser").

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MANAGEMENT CONTRACT BETWEEN FIDELITY SELECT PORTFOLIOS: FIDELITY TELECOM AND UTILITIES FUND and FIDELITY MANAGEMENT & RESEARCH COMPANY
Management Contract • March 28th, 2013 • Fidelity Select Portfolios • Massachusetts

AGREEMENT made this 14th day of December, 2012, by and between Fidelity Select Portfolios, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the "Fund"), on behalf of Fidelity Telecom and Utilities Fund (hereinafter called the "Portfolio"), and Fidelity Management & Research Company, a Massachusetts corporation (hereinafter called the "Adviser"), as set forth in its entirety below.

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