EGM Statement

Fleming Japanese Smaller Cos IT PLC
28 February 2001


STOCK EXCHANGE ANNOUNCEMENT


         THE FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST plc

          
At an Extraordinary General Meeting of the Company, which was held on Tuesday
27th February 2001, the Board announced that the Special Resolution put to
shareholders was passed as follows:

   1a  To permit the Company to make market purchases of ordinary shares up to a
       maximum of 7,514,401 (representing 14.99% of the Company's issued        
       ordinary share capital);

   1b  To change the Company's Articles of Association regarding the ability of
       the Company to repurchase shares out of capital profits.


28th February 2001.


For further information, please contact:

Hilary Lowe (Company Secretary)
Chase Fleming Asset Management (UK) Ltd, 020 7742 3274