Transaction in Own Shares

JPMorgan Eur Fldglng Inv Trust PLC
09 January 2008


                          STOCK EXCHANGE ANNOUNCEMENT


               JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC


                                 TREASURY STOCK


JPMorgan European Fledgeling Investment Trust plc has today purchased into
treasury 265,000 ordinary shares at 685.35 pence per share.

Following the transaction the remaining shares in issue total 52,781,517
including 3,610,204 shares held in treasury at a weighted average discount of
12.70%.


9th January 2008


For further information, please contact:

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



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