Purchase of Own Securities

Fleming Overseas Inv Trust PLC
13 July 2001



                         STOCK EXCHANGE ANNOUNCEMENT


                  THE FLEMING OVERSEAS INVESTMENT TRUST PLC


                REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Overseas Investment Trust plc announces that yesterday in the
market they purchased for cancellation 335,000 ordinary shares at 542p per
share representing 0.43% of the ordinary shares in issue.


The number of shares repurchased to date now totals 55,412,926.


The remaining shares in issue following this repurchase total 77,427,074.


13th July 2001


For further information, please contact:


Fraser Easton  (for Company Secretary)
JP Morgan Fleming Asset Management (UK) Limited, 020 7742 3425


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