Purchase of Own Securities

JPMorgan Flem Russian Secs PLC 03 July 2003 STOCK EXCHANGE ANNOUNCEMENT JPMORGAN FLEMING RUSSIAN SECURITIES PLC REPURCHASE OF ORDINARY SHARES FOR CANCELLATION JPMorgan Fleming Russian Securities plc announces that on 1st July 2003 in the market it purchased for cancellation 325,000 ordinary shares at 124.3p per share representing 0.57% of the ordinary shares in issue. The current repurchase authority for 9,003,416 shares was approved by shareholders on 1st November 2002. The number of shares repurchased under the current authority totals 3,094,300. The remaining shares in issue following this announcement are 56,968,512. 3rd July 2003 For further information, please contact: Richard Lewis J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3477 Chris Lunn UBS Warburg - Stockbrokers to the Company 020 7568 4848 This information is provided by RNS The company news service from the London Stock Exchange
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