Transaction in Own Shares

JPMorgan Eur Fldglng Inv Trust PLC
18 January 2008

                          STOCK EXCHANGE ANNOUNCEMENT





               JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC





                                 TREASURY STOCK






JPMorgan European Fledgeling Investment Trust plc has today purchased into
treasury 80,000 ordinary shares at 638.35 pence per share.



Following the transaction the remaining shares in issue total 52,781,517
including 3,935,204 shares held in treasury at a weighted average discount of
12.82%.



18th January 2008





For further information, please contact:



Jonathan Latter

JPMorgan Asset Management (UK) Limited,

020 7742 6000








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