Purchase of Own Securities

Fleming Japanese Inv Trust PLC
28 March 2003



                          STOCK EXCHANGE ANNOUNCEMENT

                   THE FLEMING JAPANESE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Japanese Investment Trust plc announces that yesterday in the market
they purchased for cancellation 430,000 ordinary shares at 124p per share
representing 0.23% of the ordinary shares in issue.



The current repurchase authority for 28,153,007 shares was approved by
shareholders on 19th December 2002.  To date 430,000 shares have been
repurchased under this authority.



The remaining shares in issue following this repurchase total 187,381,919.



28th March 2003



For further information, please contact:

Fraser Easton (Company Secretary)
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3425

Gavin Tooke
Dresdner Kleinwort Wasserstein - Stockbrokers to the Company, 020 7475 6685






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