Issue of Equity

JPMorgan Fleming Eur Fldglng IT PLC
19 April 2006


                          STOCK EXCHANGE ANNOUNCEMENT

           JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC

                    REISSUE OF OWN SECURITIES FROM TREASURY

JPMorgan Fleming European Fledgeling Investment Trust plc announces that on
Wednesday 19th April 2006 it reissued from treasury 100,000 ordinary shares at
662.0 pence per share.

Following this reissue the Company now holds a total of 75,000 shares in
treasury at an average size-weighted discount of 10.65%.

The number of shares in issue less the total number of treasury shares is
52,706,517.

19th April 2006

For further information, please contact:

Hilary Lowe
JPMorgan Asset Management (UK) Limited,
020 7742 6000


                      This information is provided by RNS
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