Purchase of Own Securities

Fleming Overseas Inv Trust PLC
7 February 2000

REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The Fleming Overseas Investment Trust plc announces that today in the market
they purchased for cancellation 1,000,000 ordinary shares at 581.5p per share
representing 0.92% of the ordinary shares in issue.

The number of shares repurchased to date now totals 25,591,401.

The current repurchase authority for 16,751,864 shares was approved by
shareholders on 26 October 1999.  To date 4,505,000 shares have been repurchased
under this authority which represents 4.03% of the ordinary shares in issue as
at the date shareholder approval was granted.

The remaining shares in issue following this repurchase is 107,248,599.

For further information, please contact:

Linda Field (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited                  0171 638 5858

Tom Durie
HSBC Securities - Stockbrokers to the Company                0171 336 2004