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Monday 17 June, 2002

Fleming Russia Sec.

Change of Registrar etc

The Fleming Russia Securities
17 June 2002


For Immediate Release                                     17th June, 2002


                          STOCK EXCHANGE ANNOUNCEMENT

                    THE FLEMING RUSSIA SECURITIES FUND LIMITED

             RE: CHANGE OF REGISTRAR AND CREST AUTOMATED SETTLEMENT


The Board of Directors of The Fleming Russia Securities Fund Limited (the 
'Company') wish to announce that, with immediate effect, the Redeemable
Participating Preference Shares of the Company are eligible for CREST automated
settlement.  As part of the arrangements to facilitate this, the Registrars have
become:


          Computershare Investor Services (Channel Islands) Limited
          PO Box 83
          Ordnance House, 31 Pier Road
          St Helier, Jersey JE4 8PW
          Channel Islands


The Directors recommend that Shareholders transfer their holdings into CREST to
benefit from the advantages thereof.

17th June, 2002


For further information, please contact:



Daniel Speck
Robert Fleming Management (Jersey) Limited
+44 1534 626262


Fiona Mulhall
NCB Stockbrokers Limited
+3531 6115907


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