Purchase of Own Securities

Fleming Emerging Mkts Inv Tst PLC
3 October 2001



                         STOCK EXCHANGE ANNOUNCEMENT

              THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC

                REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Emerging Markets Investment Trust plc announces that on Wednesday
3rd October 2001 in the market it purchased for cancellation 500,000 ordinary
shares at 79.5 pence per share representing 0.55% of the ordinary shares in
issue.

The number of shares repurchased to date now totals 6,215,000.

The remaining shares in issue following this notification are 90,639,218.



3rd October 2001

For further information, please contact:



Hilary Lowe
JPMorgan Fleming Asset Management (UK) Limited, 020 7742 3274