Purchase of Own Securities

Fleming Claverhouse Inv Trust PLC
17 April 2003



                          STOCK EXCHANGE ANNOUNCEMENT

                  THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Claverhouse Investment Trust plc announces that on 17 April 2003 in
the market they purchased for cancellation 7,657,337 ordinary shares at 274.5p
per share representing 9.21% of the ordinary shares in issue.



The current repurchase authority for 12,481,284 shares was approved by
shareholders on 1 May 2002. To date 7,854,937 shares have been repurchased under
this authority.



The remaining shares in issue following this repurchase total 75,588,958.








17th April 2003

For further information, please contact:



Jonathan Latter

J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3408



Tom Harris

Cazenove Global Equities- Stockbrokers to the Company

020 7825 9850






                      This information is provided by RNS
            The company news service from the London Stock Exchange