AGM Statement

JP Morgan Flem Chinese Inv Tst PLC
17 December 2003

                          STOCK EXCHANGE ANNOUNCEMENT

                 JPMORGAN FLEMING CHINESE INVESTMENT TRUST PLC

                             ANNUAL GENERAL MEETING


At the Annual General Meeting of the Company, which was held yesterday morning,
the Board is pleased to announce that all Resolutions put to shareholders were
passed, including Ordinary Resolutions under Special Business which were as
follows:-

i)          That the Company continue in existence as an investment trust for a
further        five year period (Ordinary Resolution)



ii)         That the management fee payable by the Company be reduced from 1.2%
per annum, excluding marketing expenses, to 1% per annum of total assets less
current liabilities, including marketing expenses, and a performance related fee
element will be introduced (Ordinary Resolution)



iii)        To allow the Company to make market purchases of its own ordinary
shares up to a maximum number of 9,144,558 representing 14.99% of the Company's
issued ordinary share capital as at the date of passing the Resolution (Ordinary
Resolution)



iv)        To allow the Company and its Directors to allot new shares, with an
aggregated nominal value of up to £1,525,109 representing approximately 10%, and
to disapply pre-emption rights (Special Resolutions)



v)         That the authorised share capital of the Company be increased,
conditional upon the passing of the above Special Resolutions, from £25,000,000
to £31,250,000 by the creation of 25,000,000 new ordinary shares of 25 pence
each, each identical to and ranking pari passu with the existing unissued
ordinary shares (Ordinary Resolution)



Full details of all Resolutions passed at the Annual General Meeting can be
found in the Annual Report and Accounts for the year ended 30th September 2003.



As outlined in the Annual Report and Accounts, at the conclusion of the Annual
General Meeting Sir David Kinloch stepped down as Chairman and was immediately
succeeded by Mr Nigel Melville.  Sir David will continue to serve on the Board
until a suitable replacement is found.



As outlined in the Annual Report and Accounts, at the conclusion of the Annual
General Meeting Mr David Paterson resigned as a non-executive Director of the
Company at the Annual General Meeting of the Company.  The Board wishes to thank
Mr Paterson for his valuable contribution to the Board.


17th December 2003

For further information, please contact:

Hilary Lowe....................020 7742 3274

J.P. Morgan Fleming Asset Management (UK) Limited - Secretary


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