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Framlington Fin&Inc (FFIZ)


Tuesday 29 October, 2002

Framlington Fin&Inc

Purchase of Own Securities

Framlington Global Fin&Inc Secs Ltd
29 October 2002

Framlington Global Financial & Income Securities Limited

At the Extraordinary General Meeting of the Company held on 27 September 2002,
shareholders granted the Company authority to purchase up to 2,550,300 zero
dividend preference shares.

The Company announces that it has today repurchased 40,000 zero dividend
preference shares at a price of 18p per share.

Following cancellation of the shares repurchased, the number of zero dividend
preference shares in issue will fall to 6,061,000.

This repurchase is the second under the current shareholders' authority to
repurchase zero dividend preference shares. The Company's authority to
repurchase zero dividend preference shares therefore remains valid for up to a
further 110,300 shares.

29 October 2002

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                              

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