Holding(s) in Company

JPMorgan Fleming Japanese IT PLC
29 July 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company.

JPMORGAN FLEMING JAPANESE INVESTMENT TRUST PLC

2)   Name of shareholder having a major interest.

ASSET VALUE INVESTORS LIMITED

3)   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18.

AS ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them.

BONY NOMINEES             871,452
CHASE NOMINEES            2,005,933
STATE STREET NOMINEES     465,373
BONY NOMINEES             379,010
MELLON                    257,737
PICTET                    200,035
CHASE NOMINEES            287,077
NORTRUST NOMINEES         1,124,968

5)   Number of shares/amount of stock acquired.

244,585

6)   Percentage of issued class.

0.13%

7)   Number of shares/amount of stock disposed.

N/A

8)   Percentage of issued class.

N/A

9)   Class of security.

ORDINARY 25P SHARES

10)  Date of transaction.

26TH JULY 2005

11)  Date company informed.

28TH JULY 2005

12)  Total holding following this notification.

5,591,585

13)  Total percentage holding of issued class following this notification.

3.01%

14)  Any additional information.

N/A

15)  Name of contact and telephone number for queries.

JENNIFER PALMER      020 7742 3458

16)  Name and signature of authorised company official responsible for making
this notification

LUCY SULLIVAN

Date of notification: 29TH JULY 2005



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