Transaction in Own Shares

JPMorgan Eur Fldglng Inv Trust PLC
31 December 2007



                          STOCK EXCHANGE ANNOUNCEMENT

               JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC

                                 TREASURY STOCK


JPMorgan European Fledgeling Investment Trust plc has today purchased into
treasury 100,000 ordinary shares at 706.74 pence per share.

Following the transaction the remaining shares in issue total 52,781,517
including 3,100,204 shares held in treasury at a weighted average discount of
12.45%.


31st December 2007



For further information, please contact:

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



                      This information is provided by RNS
            The company news service from the London Stock Exchange