Purchase of Own Securities

Fleming Japanese Smaller Cos IT PLC
8 June 2001







                         STOCK EXCHANGE ANNOUNCEMENT





                    THE FLEMING JAPANESE SMALLER COMPANIES

                             INVESTMENT TRUST PLC





                REPURCHASE OF ORDINARY SHARES FOR CANCELLATION





The Fleming Japanese Smaller Companies Investment Trust plc announces that on
Thursday 7th June 2001 in the market it purchased for cancellation 100,000
ordinary shares at 278p per share representing 0.2% of the ordinary shares in
issue.



The number of shares repurchased to date now totals 7,790,000.



The remaining shares in issue following this announcement are 49,454,423.







8th June 2001



For further information, please contact:



Hilary Lowe

For and on behalf of

Chase Fleming Asset Management (UK) Limited

020 7742 3274



David McLaughlin

Kleinwort Benson Securities - Stockbrokers to the Company

020 7475 6672