Purchase of Own Securities

Fleming Claverhouse Inv Trust PLC
31 March 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 28 March 2003 in
the market they purchased for cancellation 47,600 ordinary shares at 263p per
share representing 0.06% 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 197,600 shares have been repurchased under
this authority.


The remaining shares in issue following this repurchase total 83,186,476.





31st March 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






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