Purchase of Own Securities

Fleming Japanese Inv Trust PLC
09 May 2003



                          STOCK EXCHANGE ANNOUNCEMENT


                   THE FLEMING JAPANESE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Japanese Investment Trust plc announces that on 8th May 2003 in the
market they purchased for cancellation 350,000 ordinary shares at 130.0p per
share representing 0.19% 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 2,010,000 shares have been
repurchased under this authority.

The remaining shares in issue following this repurchase total 185,801,919.

9th May 2003


For further information, please contact:

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

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



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