Purchase of Own Securities

JPMorgan Fleming Eur Fldglng IT PLC
09 January 2003


                          STOCK EXCHANGE ANNOUNCEMENT


           JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming European Fledgeling Investment Trust plc announces that
yesterday in the market they purchased for cancellation 100,000 ordinary shares
at 156.5p per share representing 0.18% of the ordinary shares in issue.

The number of shares repurchased under the current authority now totals
1,450,000.

The remaining shares in issue following this repurchase total 56,291,517.


9th January 2003


For further information, please contact:

Jonathan Latter  (Company Secretary)
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3408

Nick Corke
Credit Lyonnais Securities Europe (UK) -
Stockbrokers to the Company, 020 7214 5576


                      This information is provided by RNS
            The company news service from the London Stock Exchange END
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