Retirement of a Director

Fleming Asian Investment Trust PLC
3 January 2002


                         STOCK EXCHANGE ANNOUNCEMENT


                    THE FLEMING ASIAN INVESTMENT TRUST PLC


                           RETIREMENT OF A DIRECTOR


The Fleming Asian Investment Trust plc announce the retirement of Sir Alan
Donald KCMG as a Director of the Company with effect from 31st December 2001.


3rd January 2002


For further information, please contact:



Hilary Lowe
For and on behalf of
J.P. Morgan Fleming Asset Management (UK) Limited
020 7742 3274