AGM Statement

JPMorgan Fleming Japanese IT PLC
20 December 2004



                            STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING JAPANESE INVESTMENT TRUST PLC



Following the Annual General Meeting of the Company held on Friday 17th December
2004, the Board is pleased to announce that all of the resolutions put to
shareholders were passed, including a Special Resolution, proposed under Special
Business, which will allow the Company to make market purchases of ordinary
shares up to a maximum number of 27,851,707 representing 14.99% of the Company's
issued ordinary share capital.

20th December 2004



For further information, please contact:



Jonathan Latter (Company Secretary)

J.P. Morgan Fleming Asset Management (UK) Ltd                 020 7742 6000






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