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Framlington Fin&Inc (FFIZ)

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Monday 17 March, 2003

Framlington Fin&Inc

Purchase of Own Securities

Framlington Global Fin&Inc Secs Ltd
17 March 2003

Framlington Global Financial & Income Securities Limited


At the Annual General Meeting of the Company held on 14 March 2003, shareholders
granted the Company authority to purchase up to 5,950,700 zero dividend
preference shares.

The Company announces that it has today repurchased 336,000 zero dividend
preference shares at a price of 27p per share.

Following cancellation of the shares repurchased, the number of zero dividend
preference shares in issue will fall to 5,614,700, all of which may be
repurchased under the current shareholders' authority.

17 March 2003


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