FGF Fram Glbl&Fin

RNS Number:3848T
Framlington Global Fin & Inc Fd Ld
21 March 2002


               Framlington Global Financial & Income Fund Limited


Some of the investment companies held within the Company's portfolio have either
announced, or might be expected to announce, reductions or suspensions in
dividends. Therefore, it is not possible to maintain the dividend payment on the
Company's ordinary shares at the previous level.

The Directors have declared a first interim dividend for the quarter ending 28
February, 2002 of 1.50 pence (2001: 1.90 pence) per ordinary share, payable on
16 April, 2002 to shareholders on the register at the close of business on 2
April, 2002.

The Directors are also intending, in the near future, to seek the authority of
ordinary and zero dividend preference shareholders to repurchase the Company's
shares.

As at 20 March, 2002, the Company's total assets were £74.5 million, which were
invested approximately 54 per cent. in the global financial portfolio, 29 per
cent. in the income portfolio and 17 per cent. in cash.

Enquiries:
Paul Branigan                                                     020 7330 4100

Framlington Investment Management Limited

Ian Davis                                                         020 7678 8000

Hoare Govett Limited





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