Purchase of Own Securities

Fleming Eur Fledgeling Inv Tst PLC
16 July 2002


                          STOCK EXCHANGE ANNOUNCEMENT

              THE FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The Fleming European Fledgeling Investment Trust plc announces that today in the
market they purchased for cancellation 100,000 ordinary shares at 190p per share
representing 0.17% of the ordinary shares in issue.

The number of shares repurchased to date now totals 4,601,303.

The remaining shares in issue following this repurchase total 57,941,517.



16th July 2002


For further information, please contact:

Jonathan Latter  (Company Secretary)
JP Morgan Fleming Asset Management (UK) Limited, 020 7742 3408


Nick Corke
Credit Lyonnais Securities Europe (UK) -
Stockbrokers to the Company, 020 7214 5576


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