Transaction in Own Shares

JPMorgan Eur Fldglng Inv Trust PLC
10 December 2007


                          STOCK EXCHANGE ANNOUNCEMENT

               JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC

                                 TREASURY STOCK


JPMorgan European Fledgeling Investment Trust plc has today purchased into
treasury 150,000 ordinary shares at 700.00 pence per share.

Following the transaction the remaining shares in issue total 52,781,517
including 2,802,204 shares held in treasury at a weighted average discount of
11.44%.


10th December 2007


For further information, please contact:

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



                      This information is provided by RNS
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