Purchase of Own Securities

Fleming Overseas Inv Trust PLC
22 November 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 250,000 ordinary shares at 512p per
share representing 0.34% of the ordinary shares in issue.

The remaining shares in issue following this repurchase total 73,332,065.

22nd  November 2001

For further information, please contact:

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


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