Transaction in Own Shares

JPMorgan Eur Fldglng Inv Trust PLC
04 October 2007



                          STOCK EXCHANGE ANNOUNCEMENT

               JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC

                                 TREASURY STOCK



JPMorgan European Fledgeling Investment Trust plc has today purchased into
treasury 90,000 ordinary shares at 760 pence per share.

Following the transaction the remaining shares in issue less the total number of
treasury shares is 50,765,698 of which the number of shares held in treasury
represent 7.29%.


4th October 2007


For further information, please contact:

Jonathan Latter
JPMorgan Asset Management (UK) Limited,
020 7742 6000








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