Treasury Stock

JPMorgan Eur Fldglng Inv Trust PLC
06 July 2007

                          STOCK EXCHANGE ANNOUNCEMENT

               JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC

                                TREASURY STOCK


JPMorgan European Fledgeling Investment Trust plc has today purchased into
treasury 40,000 ordinary shares at 840 pence per share.

Following the transaction the remaining shares in issue less the total number of
treasury shares is 51,090,198.

6th July 2007


For further information, please contact:

Hilary Lowe
JPMorgan Asset Management (UK) Limited,
020 7742 6000








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