Transaction in Own Shares

JPMorgan Fleming Eur Fldglng IT PLC
06 July 2006


                          STOCK EXCHANGE ANNOUNCEMENT


           JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC

                           PURCHASE OF OWN SECURITIES



JPMorgan Fleming European Fledgeling Investment Trust plc announces that on
Thursday 6th July 2006 it purchased in the market, to hold in treasury, 62,066
ordinary shares at 597.13 pence per share.



Following this repurchase the Company now holds a total of 1,528,2319 shares in
treasury at an average size-weighted discount of 11.67%.



The number of shares in issue less the total number of treasury shares is
51,253,198.





6th July 2006





For further information, please contact:



Hilary Lowe

JPMorgan Asset Management (UK) Limited,

020 7742 6000








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