Purchase of Own Securities

Fleming Eur Fledgeling Inv Tst PLC
4 March 2002











                          STOCK EXCHANGE ANNOUNCEMENT


              THE FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION




The Fleming European Fledgeling Investment Trust plc announces that today in the
market they purchased for cancellation 100,000 ordinary shares at 212p per share
representing 0.17% of the ordinary shares in issue.



The number of shares repurchased to date now totals 4,126,303.



The remaining shares in issue following this repurchase total 58,416,517.







4th March 2002



For further information, please contact:



Jonathan Latter  (Company Secretary)

JP Morgan Fleming Asset Management (UK) Limited, 020 7742 3408



Nick Corke

Credit Lyonnias Securities Europe (UK) -

Stockbrokers to the Company, 020 7214 5576









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