Issue of Equity

JP Morgan Fleming Indian IT PLC
14 January 2005



                        LONDON STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC

                               ISSUE OF SHARES


JPMorgan Fleming Indian Investment Trust plc announces that yesterday it issued
150,000 ordinary shares to a market participant at 148 pence per share
representing 0.17% of the ordinary shares in issue.


Together with the issue of 2,870,000 ordinary shares on 7th January 2005, to a
single investor at 149.7 pence per share, the number of shares issued under the
current authority totals 3,020,000.


The remaining shares in issue following this notification are 86,961,392.


14th January 2005


For further information, please contact:



Richard Lewis
J.P. Morgan Fleming Asset Management (UK) Limited - Secretary
Telephone [phone]






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