Final Results

JP Morgan Fleming Asian Inv Tst PLC
25 November 2005



                          STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING ASIAN INVESTMENT TRUST PLC

                            PRELIMINARY ANNOUNCEMENT



25th November 2005



The Company today announces its unaudited results for the year to 30th September
2005.



The Company's total return on net assets in sterling terms was +31.4% over the
year to 30th September 2005.  This compared to a total return of +33.1% from the
Company's benchmark, the Morgan Stanley Composite Asia Free Index ex-Japan in
sterling terms, over the same period.



Earnings per share for the year amounted to 1.74p and the Directors are
recommending a dividend payment of 1.75p per share for the year payable on 17th
February 2006 to shareholders on the register at the close of business on 13th
January 2006.









For further information:



Philip Jones.................................020 7742 6000
For and on behalf of
JPMorgan Asset Management (UK) Limited


JPMorgan Fleming Asian Investment Trust plc
Figures for the year ended 30th September 2005



Statement of Total Return

                                             Year ended 30th September 2005     Year ended 30th September 2004
                                             Revenue      Capital      Total    Revenue     Capital       Total
                                               £'000        £'000      £'000      £'000       £'000       £'000

Realised gains on investments                      -       13,571     13,571          -       5,486       5,486
Net unrealised gains on investments                -       36,027     36,027          -       9,657       9,657
Transfer to warrant reserve on expiry of
warrants                                           -        4,895      4,895          -           -           -
Currency gains/(losses) on cash and
short-term deposits held during the year           -           38         38          -       (998)       (998)
Unrealised gains/(losses) on short-term
currency contracts                                 -           10         10                    (1)         (1)
Other capital charges                              -         (20)       (20)          -        (63)        (63)
Income from investments                        6,051            -      6,051      4,492           -       4,492
Other income                                     209            -        209        336           -         336
                                             _______     ________    _______    _______    ________     _______

Gross return                                   6,260       54,521     60,781      4,828      14,081      18,909

Management fee                               (1,262)            -    (1,262)    (1,148)           -     (1,148)
Other administrative expenses                  (613)            -      (613)      (574)           -       (574)
Interest payable                               (285)            -      (285)      (590)           -       (590)
                                             _______      _______    _______    _______     _______     _______

Return before taxation                         4,100       54,521     58,621      2,516      14,081      16,597

Taxation                                     (1,270)            -    (1,270)      (900)           -       (900)
                                             _______      _______    _______    _______     _______     _______

Total return attributable to ordinary          2,830       54,521     57,351      1,616      14,081      15,697
shareholders

Dividend payable on ordinary shares          (2,873)            -    (2,873)    (1,702)           -     (1,702)
                                              ______      _______    _______     ______     _______     _______

Transfer to/(from) reserves                     (43)       54,521     54,478       (86)      14,081      13,995
Return per ordinary share - undiluted          1.74p       33.50p     35.24p      1.00p       8.69p       9.69p
Return per ordinary share - diluted              n/a          n/a        n/a      1.00p       8.69p       9.69p
Return per ordinary share excluding
transfer on lapse of warrants                  1.74p       30.50p     32.24p        n/a         n/a         n/a



JPMorgan Fleming Asian Investment Trust plc
Figures for the year ended 30th September 2005




BALANCE SHEET                                                          30th September      30th September
                                                                                 2005                2004
                                                                                £'000               £'000
Investments at valuation                                                      213,691             164,477
Net current assets                                                              4,390               1,798
Provisions for liabilities and charges                                           (46)               (129)
                                                                              _______             _______

Total net assets                                                              218,035             166,146
                                                                              =======             =======

Net asset value per ordinary share - undiluted                                 132.8p              102.5p
Net asset value per ordinary share - diluted                                      n/a              102.1p
Net asset value per ordinary share assuming re-issue of treasury
shares                                                                         132.6p                 n/a





CASH FLOW STATEMENT
                                                                                 2005                2004
                                                                                £'000               £'000
Net cash inflow from operating activities                                       3,517               2,594
Net cash outflow from returns on investments and servicing of                   (281)               (619)
finance
Total taxation paid                                                             (934)                (84)
Net cash inflow from capital expenditure and financial
investment                                                                      5,493              21,370
Equity dividends paid                                                         (1,702)             (1,702)
Net cash inflow/(outflow) from financing                                        2,306            (19,996)
                                                                              _______             _______

Increase in cash for the year                                                   8,399               1,563
                                                                              =======             =======
                                                                                                     


The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985. The comparative financial
information is based on the statutory accounts for the year ended 30th September
2004. These accounts, upon which the auditors issued an unqualified opinion,
have been delivered to the Registrar of Companies.





JPMORGAN ASSET MANAGEMENT (UK) LIMITED

25th November 2005










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