Issue of Equity

JP Morgan Fleming Indian IT PLC
20 July 2005



                      LONDON STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC

                               ISSUE OF SHARES


JPMorgan Fleming Indian Investment Trust plc announces that yesterday, Tuesday
19th July 2005, it issued 239,000 ordinary shares to a market participant at
189.5 pence per share representing 0.26% of the ordinary shares in issue.

The number of shares issued under the current authority totals 2,224,000.  A
further 6,797,136 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 92,875,392.

20th July 2005


For further information, please contact:

Andrew Norman
JPMorgan Asset Management (UK) Limited - Secretary
Telephone [phone]



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