Purchase of Own Securities

JPMorgan Fleming Claverhouse IT PLC
16 June 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 12 June 2003
in the market they purchased for cancellation 35,000 ordinary shares at 309.0p
per share representing 0.05% 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 35,000 shares have been repurchased under
this authority.

The remaining shares in issue following this repurchase total 75,553,958.


16th June 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



                      This information is provided by RNS
            The company news service from the London Stock Exchange