AGM Statement

Fleming Asian Investment Trust PLC
5 February 2001



STOCK EXCHANGE ANNOUNCEMENT

THE FLEMING ASIAN INVESTMENT TRUST PLC

At the Annual General Meeting of the Company, which was held on 2nd February
2001, the Board are pleased to announce that all the resolutions put to
shareholders were passed, including the two special resolutions which were as
follows:-

1.       To allow the Company to make market purchases of ordinary shares up
         to a maximum number of 24,528,042 (representing 14.99% of the Company's
         issued ordinary share capital).

2.      To change to the Company's Articles regarding the retirement of the
        Directors.


5 February 2001


For further information, please contact:

Fraser Easton (Company Secretary)

Chase Fleming Asset Management (UK) Ltd .................. 020 7742 6000