Purchase of Own Securities

Fleming Eur Fledgeling Inv Tst PLC
16 July 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 200,000 ordinary shares at 189p per share
representing 0.35% of the ordinary shares in issue.

The number of shares repurchased to date now totals 4,801,303.

The remaining shares in issue following this repurchase total 57,741,517.


16th July 2002


For further information, please contact:


Jonathan Latter  (Company Secretary)
JP Morgan Fleming Asset Management (UK) Limited, 020 7742 3408


Nick Corke
Credit Lyonnais Securities Europe (UK) -
Stockbrokers to the Company, 020 7214 5576

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