Purchase of Own Securities

JP Morgan Fleming Indian IT PLC
30 September 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 27th September
2002, in the market they purchased for cancellation 225,000 ordinary shares at
50.0p per share representing 0.29% of the ordinary shares in issue.



The number of shares repurchased under the current authority now totals 225,000.



The remaining shares in issue following this repurchase total 77,844,792.







30th September 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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