Purchase of Own Securities

FLEMING INDIAN INVESTMENT TRUST PLC
22 September 1999

REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The Fleming Indian Investment Trust plc announces that today in the market
they purchased for cancellation 1,000,000 ordinary shares at 60.5p per share
representing 1.20% of the ordinary shares in issue.

The number of shares repurchased to date now totals 9,725,000 representing
10.54% of the ordinary shares in issue at the time of commencement of the
repurchase programme.

The remaining shares in issue following this announcement is 82,501,392

For further information, please contact:

L.E Field  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited .......................0171 880 3426

Michael Findlay
Merrill Lynch International - Stockbrokers to the Company..........0171 772 2285

FINDIT/CO-SEC/619B