Purchase of Own Securities

JP Morgan Fleming Indian IT PLC
04 August 2003



                          STOCK EXCHANGE ANNOUNCEMENT


                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Indian Investment Trust plc announces that, on 4th August 2003,
in the market they purchased for cancellation 250,000 ordinary shares at 70.5p
per share representing 0.37% of the ordinary shares in issue.

The current repurchase authority for 10,397,782 shares was approved by
shareholders on 29 January 2003.  The number of shares repurchased under the
current authority now totals 2,220,000.

The remaining shares in issue following this repurchase total 67,144,792.


4th August 2003


For further information, please contact:

Fraser Easton  (Company Secretary)
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3425

Tod Davis
Cazenove & Co - Stockbrokers to the Company
020 7214 7507


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