Purchase of Own Securities

Fleming Japanese Inv Trust PLC
21 November 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 165,000 ordinary shares at 199p per
share representing 0.09% of the ordinary shares in issue.

The remaining shares in issue following this repurchase total 193,651,919.

21st November 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