Purchase of Own Securities

Fleming Overseas Inv Trust PLC
20 December 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 600,000 ordinary shares at 502p per
share representing 0.81% of the ordinary shares in issue.


The remaining shares in issue following this repurchase total 72,732,065.


20 December 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