Issue of Equity

JPMorgan Indian Invest Trust PLC
02 June 2006



                       LONDON STOCK EXCHANGE ANNOUNCEMENT



                      JPMORGAN INDIAN INVESTMENT TRUST PLC



                              ISSUE OF SHARES





JPMorgan Indian Investment Trust plc announces that today, Friday 2nd June 2006,
it issued 100,000 ordinary shares to a market participant at 232.50 pence per
share representing 0.10% of the ordinary shares in issue.



It is expected that the new ordinary shares will be admitted to listing on the
Official List of the UK Listing Authority and to trading on the main market of
the London Stock Exchange on Wednesday 7th June 2006.



The number of shares issued under the current authority totals 4,671,270.  A
further 5,960,670 shares are available for issue under the authority granted at
the AGM held on 24th January 2006.



The shares in issue following this notification are 104,706,662.







2nd June 2006





For further information, please contact:





Lucy Sullivan

JPMorgan Asset Management (UK) Limited - Company Secretary

Telephone [phone]








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