Purchase of Own Securities

Fleming Emerging Mkts Inv Tst PLC
30 August 2001




                         STOCK EXCHANGE ANNOUNCEMENT


              THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC


                REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Emerging Markets Investment Trust plc announces that on Wednesday
29th August 2001 in the market it purchased for cancellation 150,000 ordinary
shares at 109.5 pence per share representing 0.16% of the ordinary shares in
issue.


The number of shares repurchased to date now totals 5,715,000.


The remaining shares in issue following this notification are 91,139,218.


30th August 2001



For further information, please contact:



Linda Field
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3426




Tom Durie
HSBC  - Stockbrokers to the Company
020 7336 2004