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Framlington Fin&Inc (FFIZ)


Wednesday 27 November, 2002

Framlington Fin&Inc

Purchase of Own Securities

Framlington Global Fin&Inc Secs Ltd
27 November 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 110,300 zero dividend
preference shares at a price of 19.5p per share.

Following cancellation of the shares repurchased, the number of zero dividend
preference shares in issue will fall to 5,950,700.

The Company's authority to repurchase zero dividend preference shares under its
current authority has now been utilised in full.

27 November 2002

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