Issue of Equity

JP Morgan Fleming Indian IT PLC
25 July 2005

                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC

                                ISSUE OF SHARES


JPMorgan Fleming Indian Investment Trust plc announces that on Friday 22nd July
2005, it issued 250,000 ordinary shares to two market participants at 195.0
pence per share representing 0.27% of the ordinary shares in issue.

The number of shares issued under the current authority totals 2,474,000.  A
further 6,547,136 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 93,125,392.



25th July 2005



For further information, please contact:


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



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