AGM Statement

JPMorgan Fleming Eur Fldglng IT PLC
14 July 2005


                         STOCK EXCHANGE ANNOUNCEMENT


                    JPMORGAN FLEMING EUROPEAN FLEDGELING
                            INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company which was held today, the
Board are pleased to announce that all the resolutions put to shareholders were
passed, including three special resolutions which:


a)   will allow the Company to make market purchases of ordinary shares up to a 
     maximum number of 7,911,949 representing 14.99% of the Company's issued
     ordinary share capital;

b)   will allow the Company to re-issue ordinary shares from treasury up to an 
     aggregate nominal amount of £1,319,538; and

c)   will allow the Company to disapply pre-emption rights on the sale of 
     ordinary shares from treasury.


14th July 2005



For further information, please contact:

Hilary Lowe (Company Secretary)
JPMorgan Asset Management (UK) Ltd ............................... 020 7742 6000



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