Purchase of Own Securities

Fleming Japanese Inv Trust PLC
26 October 2001


                         STOCK EXCHANGE ANNOUNCEMENT


                  THE FLEMING JAPANESE INVESTMENT TRUST PLC


                REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Japanese Investment Trust plc announces that yesterday in the
market they purchased for cancellation 140,000 ordinary shares at 203p per
share representing 0.07% of the ordinary shares in issue.

The remaining shares in issue following this repurchase total 195,331,919.


26th October 2001


For further information, please contact:

Fraser Easton (Company Secretary)

J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3425


James Moseley

HSBC Securities - Stockbrokers to the Company, 020 7336 2035