Purchase of Own Securities

JP Morgan Fleming Indian IT PLC
23 December 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 20th December
2002, in the market they purchased for cancellation 1,700,000 ordinary shares at
56.25p per share representing 2.38% of the ordinary shares in issue.



The number of shares repurchased under the current authority now totals
8,375,000.



The remaining shares in issue following this repurchase total 69,694,792.




23rd December 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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