Treasury Stock

JP Morgan Fleming Asian Inv Tst PLC
25 January 2006

                         STOCK EXCHANGE ANNOUNCEMENT



                           JPMORGAN FLEMING ASIAN

                            INVESTMENT TRUST PLC



25th January 2006



Disapplication of Pre-Emption Rights



As was stated in the Company's Annual Report & Accounts, the Board of JPMorgan
Fleming Asian Investment Trust plc believes that the use of treasury shares will
benefit shareholders by enabling the Company not only to manage both the
absolute level and volatility of the discount to net asset value but also to
improve liquidity in the Company's shares.  Accordingly, the Board will be
seeking powers to buy and hold shares in treasury and to reissue them out of
treasury either at a premium or at a narrower discount than the size weighted
average discount at which they were originally bought into treasury (subject to
a maximum aggregate dilution of 0.5% in any one year) at its Annual General
Meeting to be held on Friday 3rd February 2006.



The Board has now agreed to limit the total aggregate disapplication of
pre-emption rights both on issues of new shares (under Resolution 9 in the
Notice of Meeting) and on reissues of shares previously held in treasury (under
Resolution 11 in the Notice of Meeting) to 10 per cent. of shares in issue in
any one year.  This limitation applies to both new issues and reissues of
treasury shares in any proportion of either.



For further information, please contact:

Philip Jones

JPMorgan Asset Management (UK) Limited

Secretary 020 7742 6000




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