Fleming Japanese Inv Trust PLC
24 November 2000
THE FLEMING JAPANESE INVESTMENT TRUST PLC
The Board of the Company announce that a 12 month forward sale of Yen against £
has today been initiated which is equal to 15% of gross assets.
This hedge has been initiated to protect shareholders against any downward move
in the yen caused by current political and economic uncertainties in Japan. On
a trade weighted basis the yen has been excessively strong.
Stephen Mitchell or Heather Williams
Tel: 020 7742 6000