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Framlington Fin&Inc (FFIZ)

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Tuesday 29 January, 2002

Framlington Fin&Inc

Results to 30 Nov. 2001

Framlington Global Fin&Inc Secs Ltd
28 January 2002

FRAMLINGTON GLOBAL FINANCIAL & INCOME SECURITIES LIMITED

PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE PERIOD FROM INCORPORATION ON 
17 AUGUST 2001 TO 30 NOVEMBER 2001

These results are issued in conjunction with those of the Company's parent, 
Framlington Global Financial & Income Fund Limited

STATEMENT OF OPERATIONS
for the period from 17 August 2001 to 30 November 2001

                                                                       2001 
                                                                       £OOOs
 
Contribution of assets from parent                                       186 
Capital growth attributed to zero dividend preference shares            (186)

Result of operations                                                       -

Return per zero dividend preference share                               1.86p


STATEMENT OF NET ASSETS 
at 30 November
                                                                        2001 
                                                                        £OOOs
 
Assets
Unsecured subordinated loan note of parent                            10,000
Contribution of assets from parent                                       186

Total assets                                                          10,186
 

Liabilities

Non-current liabilities 
Due to zero dividend preference shareholders                          10,186

 
Net assets attributable to ordinary shareholders                           -

Represented by:
Ordinary share capital                                                     -


Equivalent to a net asset value per zero dividend preference 
share outstanding of:                                                 101.86p

Shares outstanding at 
30 November;                                                      10,000,000



CASH FLOW STATEMENT
for the period from 17 August 2001 to 30 November 2001

                                                                        2001 
                                                                        £000s

Net cash inflow before financing                                           -


Financing Activities
Proceeds on issue of zero dividend preference shares                  10,000 
Loan to parent                                                       (10,000)

Net cash flow from financing activities                                    -

Movement in cash and cash equivalents                                      -


ANNUAL REPORT AND ACCOUNTS

The report and accounts of the Company for the period ended 30 November 2001 are
to be published with the report and accounts for the same period of Framlington
Global Financial & Income Fund Limited, which are to be posted to shareholders
shortly. Copies will also be available from the Company's Registered Office:
HSBC House, Lefebvre Street, St Peter Port, Guernsey, GYI 2JP



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


                                                                                
                                                                                

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