Final Results

JPMorgan Fleming Emerge Mkts IT PLC
13 September 2005



                       LONDON STOCK EXCHANGE ANNOUNCMENT



             JPMORGAN FLEMING EMERGING MARKETS INVESTMENT TRUST PLC



                   PRELIMINARY ANNOUNCEMENT OF FINAL RESULTS





13th September 2005



The Company today announces its unaudited results for the year to 30th June
2005.



The Company's total return on net assets in sterling terms was +48.3% over the
year to 30th June 2005.  This compared to a total return of +36.0% from the
Company's benchmark, the MSCI Emerging Markets Free Index (in Sterling Terms)
over the same period.



Earnings per share for the year amounted to 2.87p and the Directors are
recommending a final dividend payment of 2.45p per share for the year payable on
24th November 2005 to shareholders on the register at the close of business on
28th October 2005.



The Chairman, Roy Reynolds said:

'This is another excellent result to add to the very good one last year.  The
investment manager has once again delivered significant outperformance of both
the benchmark and the Company's peer group, in a year where emerging markets was
one of the best performing sectors.'







For further information:



Philip
Jones.............................................................020 7742 6000

For and on behalf of

JPMorgan Asset Management (UK) Limited


JPMorgan Fleming Emerging Markets Investment Trust plc

Unaudited figures for the year ended 30th June 2005



Statement of Total Return (Unaudited)


                                                     Year ended 30th June 2005       Year ended 30th June 2004
                                                     Revenue   Capital      Total    Revenue   Capital      Total
                                                       £'000     £'000      £'000      £'000     £'000      £'000

Realised gains on investments                              -     8,459      8,459          -     6,359      6,359
Net unrealised gains on investments                        -    65,042     65,042          -    25,330     25,330
Currency gains/(losses) on cash and short-term
deposits held during the year                              -                               -
                                                                   494        494                (285)      (285)
Other capital charges                                      -     (158)      (158)          -      (12)       (12)
Income from investments                                5,232         -      5,232      4,446         -      4,446
Other income                                             203         -        203         28         -         28
                                                     _______  ________    _______    _______  ________    _______

Gross return                                           5,435    73,837     79,272      4,474    31,392     35,866

Management fee                                       (1,867)         -    (1,867)    (1,385)         -    (1,385)

Other administrative expenses                          (542)         -      (542)      (471)         -      (471)

Performance fee                                            -   (2,602)    (2,602)          -   (1,119)    (1,119)

Interest payable                                         (2)         -        (2)        (2)         -        (2)

                                                     _______   _______    _______    _______   _______    _______

Net return before taxation                             3,024    71,235     74,259      2,616    30,273     32,889

Taxation                                               (439)         -      (439)      (390)         -      (390)

                                                     _______   _______    _______    _______   _______    _______

Total return attributable to ordinary                  2,585    71,235     73,820      2,226    30,273     32,499
shareholders

Dividends payable                                    (2,210)         -    (2,210)          -         -          -

                                                     _______   _______    _______    _______   _______    _______

Transfer to reserves                                     375    71,235     71,610      2,226    30,273     32,499



Return per ordinary share                              2.87p    78.98p     81.85p      2.47p    33.56p     36.03p

Dividend per ordinary share                            2.45p                             Nil




JPMorgan Fleming Emerging Markets Investment Trust plc

Unaudited figures for the year ended 30th June 2005


BALANCE SHEET                                                                   30th June        30th June
                                                                                     2005             2004
                                                                                    £'000            £'000

Investments at valuation                                                          211,152          142,071


Net current assets                                                                 10,082            6,284

Provisions for liabilities and charges                                            (1,269)                -
                                                                                  _______          _______
Total net assets                                                                  219,965          148,355
                                                                                    =====            =====
Net asset value per share                                                          243.9p           164.5p



CASH FLOW STATEMENT
                                                                                     2005             2004
                                                                                    £'000            £'000

Net cash inflow from operating activities                                           1,396            1,915

Net cash outflow from returns on investments and servicing of
finance
                                                                                      (2)
                                                                                                       (2)

Net cash inflow from capital expenditure and financial investment

                                                                                    5,902            5,608

Net cash outflow from financing                                                         -          (2,967)
                                                                                  _______          _______
Increase in cash in the year                                                        7,296            4,554
                                                                                    =====            =====







The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985. The comparative financial
information is based on the statutory accounts for the year ended 30th June
2004. These accounts, upon which the auditors issued an unqualified opinion,
have been delivered to the Registrar of Companies.





JPMORGAN ASSET MANAGEMENT (UK) LIMITED





13th September 2005


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