RNS Number:3028J
Framlington Global Fin & Inc Fd Ld
27 March 2003

Framlington Global Financial & Income Securities Limited

At the Annual General Meeting of the Company held on 14 March 2003, shareholders
granted the Company authority to purchase up to 5,950,700 zero dividend
preference shares.

The Company announces that it has today repurchased 100,000 zero dividend
preference shares at a price of 28.5p per share.

Following cancellation of the shares repurchased, the number of zero dividend
preference shares in issue will fall to 4,764,700, all of which may be
repurchased under the current shareholders' authority.



27 March 2003


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