Net Asset Value(s)

JPMorgan Eur Fldglng Inv Trust PLC
08 March 2007


JPMORGAN ASSET MANAGEMENT (UK) LIMITED ANNOUNCES THE UNAUDITED NET ASSET VALUES
(NAVS) OF THE FOLLOWING INVESTMENT TRUSTS AS AT CLOSE OF BUSINESS ON 7TH MARCH
2007.  THESE NAVS HAVE BEEN CALCULATED IN ACCORDANCE WITH AIC RECOMMENDATIONS
(I.E. EXCLUDING CURRENT FINANCIAL YEAR REVENUE ITEMS), EXCEPT WHERE NOTED BELOW.
THE UNDERLYING INVESTMENTS OF THE INVESTMENT TRUSTS HAVE BEEN VALUED ON A BID
BASIS, OR IF MORE APPROPRIATE, A LAST TRADE BASIS.  PROVISIONS FOR PERFORMANCE
FEES, CAPITAL EXPENSES AND CAPITAL INTEREST ARE INCLUDED IN THESE NAVS WHERE
APPLICABLE.


AN ESTIMATE OF THE CURRENT REVENUE RESERVE IS INCLUDED WHERE THIS RESERVE IS IN
DEFICIT.


THE NET ASSET VALUES IN PENCE WITH DEBT VALUED AT PAR AS AT MARKET CLOSE ON 7TH
MARCH 2007 WERE AS FOLLOWS:


JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC:                     842.23


JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC:***                  839.61


***  THE ABOVE NAV ASSUMES THAT THE 1,581,319 TREASURY SHARES HAVE BEEN REISSUED
     AT THE PREVIOUS NIGHT'S CLOSING MID PRICE.


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