Directorate Change

JPMorgan Eur Fldglng Inv Trust PLC
13 July 2007

                              STOCK EXCHANGE ANNOUNCEMENT

                    JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC


13th July 2007


Changes to the Board


The Board of JPMorgan European Fledgeling Investment Trust plc announce that Mr
Jacques Drossaert has retired as a non-executive Director of the Board with
effect from 13th July 2007. The Board sincerely thanks Mr Drossaert for his
valuable contributions during his time on the Board.



For further information, please contact:


Hilary Lowe
For and on behalf of
JPMorgan Asset Management (UK) Limited - Secretary
020 7742 6000




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