Purchase of Own Securities

JPMorgan Fleming Claverhouse IT PLC
09 July 2003


                          STOCK EXCHANGE ANNOUNCEMENT


               JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Claverhouse Investment Trust plc announces that on 9 July 2003
in the market they purchased for cancellation 58,000 ordinary shares at 302p per
share representing 0.08% of the ordinary shares in issue.

The current repurchase authority for 11,330,784 shares was approved by
shareholders on 25 April 2003. To date 538,500 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 75,050,458


9th July 2003


For further information, please contact:

Jonathan Latter
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3408

Tom Harris
Cazenove Global Equities- Stockbrokers to the Company
020 7825 9850


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