Issue of Equity

JP Morgan Fleming Indian IT PLC
15 July 2005



                      LONDON STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC

                              ISSUE OF SHARES

JPMorgan Fleming Indian Investment Trust plc announces that today, Friday 15th
July 2005, it issued 650,000 ordinary shares to three market participants at
185.5 pence per share representing 0.71% of the ordinary shares in issue.

The number of shares issued under the current authority totals 1,985,000.  A
further 7,036,136 shares are available for issue under the authority granted at
the EGM held on 22nd March 2005.

The remaining shares in issue following this notification are 92,636,392.

15th July 2005


For further information, please contact:

Jonathan Latter
JPMorgan Asset Management (UK) Limited - Secretary
Telephone [phone]



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