Purchase of Own Securities

Fleming Overseas Inv Trust PLC
4 October 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 125,000 ordinary shares at 435p per
share representing 0.17% of the ordinary shares in issue.

The remaining shares in issue following this repurchase total 74,917,946.

4th October 2001


For further information, please contact:

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

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