Purchase of Own Securities

Fleming Overseas Inv Trust PLC
15 November 2001






                         STOCK EXCHANGE ANNOUNCEMENT


                  THE FLEMING OVERSEAS INVESTMENT TRUST PLC


                REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Overseas Investment Trust plc announces that yesterday in the
market they purchased for cancellation 950,000 ordinary shares at 489p per
share representing 1.27% of the ordinary shares in issue.


The remaining shares in issue following this repurchase total 73,582,065.


15th November 2001


For further information, please contact:



Linda Field (Company Secretary)
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3426



Tom Durie
HSBC Securities - Stockbrokers to the Company, 020 7336 2004