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Framlington Fin&Inc (FFIZ)

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Tuesday 09 July, 2002

Framlington Fin&Inc

Purchase of Own Securities

Framlington Global Fin&Inc Secs Ltd
9 July 2002



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 a further 50,000 zero
dividend preference shares at a price of 61p per share.

Following cancellation of the shares repurchased, the number of zero dividend
preference shares in issue will fall to 8,725,000.

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


9 July 2002



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