Purchase of Own Securities

JPMorgan Fleming Eur Fldglng IT PLC
10 February 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, on 6th
February 2003, in the market they purchased for cancellation 150,000 ordinary
shares at 145p per share representing 0.27% of the ordinary shares in issue.


The number of shares repurchased under the current authority now totals
2,200,000.


The remaining shares in issue following this repurchase total 55,541,517.


10th February 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





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