AGM Statement

JP Morgan Fleming Indian IT PLC
28 January 2004


                         STOCK EXCHANGE ANNOUNCEMENT


                JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company, which was held today, the
Board is pleased to announce that all the resolutions put to shareholders were
passed, including the following resolutions which:
     
a)   will allow the Company to continue in existence as an investment trust for 
     a further five-year period;
     
b)   will allow the Company to allot relevant securities up to an aggregate 
     nominal amount of £1,678,619; and
     
c)   will allow the Company to make market purchases of ordinary shares up to a 
     maximum number of 10,065,004 representing 14.99% of the Company's issued 
     ordinary share capital.


28th January 2004


For further information, please contact:

Fraser Easton  (Company Secretary)
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 6000


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