Purchase of Own Securities

JPMorgan Fleming Claverhouse IT PLC
21 November 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 the 20th
November 2003 in the market they purchased for cancellation 50,000 ordinary
shares at 321p per share representing 0.07% of the ordinary shares in issue.

The current repurchase authority for 11,330,784 shares was approved by
shareholders on 25th April 2003. To date 1,092,500 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 74,496,458.


21st November 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
0207 155 8122


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