Purchase of Own Securities

Fleming Overseas Inv Trust PLC
10 April 2001




                         STOCK EXCHANGE ANNOUNCEMENT

                  THE FLEMING OVERSEAS INVESTMENT TRUST PLC

                REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The Fleming Overseas Investment Trust plc announces that today in the market
they purchased for cancellation 2,500,000 ordinary shares at 528p per share
representing 2.99% of the ordinary shares in issue.

The number of shares repurchased to date now totals 51,807,401.

The remaining shares in issue following this repurchase total 81,032,599.

10th April 2001


For further information, please contact:

Linda Field  (Company Secretary)
Chase Fleming Asset Management (UK) Limited, 020 7742 3426


Tom Durie
HSBC Securities - Stockbrokers to the Company, 020 7336 2004