Transaction in Own Shares

JPMorgan Fleming Claverhouse IT PLC
27 July 2006


                          STOCK EXCHANGE ANNOUNCEMENT

               JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Claverhouse Investment Trust plc announces that today in the
market they purchased for cancellation 18,000 ordinary shares at 500 pence per
share representing 0.03% of the ordinary shares in issue.

The current repurchase authority for 9,434,876 shares was approved by
shareholders on 27th April 2006.  To date 913,832 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 62,027,303.


27th July 2006


For further information, please contact:

Jonathan Latter
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Shamus Henderson
Cazenove Global Equities- Stockbrokers to the Company
0207 155 8122



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