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Framlington Fin&Inc (FFIZ)

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Wednesday 12 June, 2002

Framlington Fin&Inc

Purchase of Own Securities

Framlington Global Fin&Inc Secs Ltd
12 June 2002

The headline for the Framlington Global Financial & Income Securities Limited
announcement released on 11 June 2002 at 15:49, under RNS number 0886X, should
read Purchase of Own Securities. The full text shown below remains unchanged .

Framlington Global Financial & Income Securities Limited

At the Extraordinary General Meeting of the Company held on 23 May 2002,
shareholders granted the Company authority to purchase up to 1,499,000 zero
dividend preference shares.

The Company announces that it has today repurchased 50,000 zero dividend
preference shares at a price of 70p per share.

Following cancellation of the shares repurchased, the number of zero dividend
preference shares in issue will fall to 9,725,000.

The number of zero dividend preference shares which may be repurchased under the
current authority has fallen to 1,224,000.

11 June 2002



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