Issue of Equity

JP Morgan Indian Invest Trust PLC
13 December 2005


                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                      JPMORGAN INDIAN INVESTMENT TRUST PLC

                                ISSUE OF SHARES


JPMorgan Indian Investment Trust plc announces that today, Tuesday 13th December
2005, it issued 100,000 ordinary shares to a market participant at 228.50 pence
per share representing 0.1% of the ordinary shares in issue.

The number of shares issued under the current authority totals 1,500,000.  A
further 8,154,036 shares are available for issue under the authority granted at
the EGM held on 1st November 2005.

The shares in issue following this notification are 98,165,392.



13th December 2005



For further information, please contact:

Hilary Lowe
JPMorgan Asset Management (UK) Limited - Company Secretary
Telephone [phone]



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