Purchase of Own Securities

JP Morgan Fleming Indian IT PLC
19 November 2002







                          STOCK EXCHANGE ANNOUNCEMENT


                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC



                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION




JPMorgan Fleming Indian Investment Trust plc announces that, on 18th November
2002, in the market they purchased for cancellation 300,000 ordinary shares at
51.50p per share representing 0.40% of the ordinary shares in issue.



The number of shares repurchased under the current authority now totals
3,020,000.



The remaining shares in issue following this repurchase total 75,049,792.







19th November 2002



For further information, please contact:



Fraser Easton  (Company Secretary)

J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3425



Peter Sheen

Cazenove & Co - Stockbrokers to the Company

020 7214 7507








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