Net Asset Value(s)

JP Morgan Fleming Asian Inv Tst PLC
26 September 2005


IN ACCORDANCE WITH THE RECOMMENDATIONS OF THE AITC, WITH EFFECT FROM 1ST JULY
2004 JPMORGAN ASSET MANAGEMENT IS ANNOUNCING THE NET ASSET VALUES OF THE
INVESTMENT TRUSTS IT MANAGES BOTH WITH DEBT AT PAR VALUE, AND WITH DEBT AT FAIR
VALUE (IF APPLICABLE).


THE DEBT AT FAIR VALUE HAS BEEN CALCULATED AS FOLLOWS: DEBENTURES HAVE BEEN
REVALUED USING AN ESTIMATED FAIR MARKET SPREAD OVER THE RELEVANT GILT; INTEREST
RATE SWAPS AND FIXED RATE LOANS HAVE BEEN REVALUED USING MARK TO MARKET
ESTIMATES PROVIDED BY A COUNTERPARTY OR OTHER RELEVANT SOURCE.


THE NET ASSET VALUES IN PENCE AT PAR AS AT MARKET CLOSE ON 23RD SEPTEMBER 2005
WERE AS FOLLOWS:


JPMORGAN FLEMING ASIAN INVESTMENT TRUST PLC: **                           128.63


JPMORGAN FLEMING ASIAN INVESTMENT TRUST PLC:                              128.87


** The net asset value shown for JPMF Asian above is adjusted to reflect the
   reissue of the 3,400,000 shares held in Treasury at their closing mid price 
   on 23rd September 2005.

                      This information is provided by RNS
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