Gartmore Fledgling Trust plc

Purchase of Own Securities

Gartmore Fledgling Trust plc, managed by Gartmore Investment Limited,
repurchased for cancellation, on 16th December 2003, 10,000 Ordinary shares at
a price of 247.0p per share, representing 0.04% of the Ordinary shares then in
issue.

This is the eleventh repurchase of Ordinary shares pursuant to a general
authority given by shareholders at the Company's Annual General Meeting held on
7th October 2003.  The Company has repurchased 0.44% of its Ordinary shares
since that date.  The transaction has reduced the number of Ordinary shares in
issue to 24,957,505.

                                                                                                                                            

                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
                                                                                                        

GARTMORE INVESTMENT LIMITED

SECRETARIES

16th December 2003



END