AGM Statement

Fleming Asian Investment Trust PLC
12 February 2002




                      STOCK EXCHANGE ANNOUNCEMENT


                THE FLEMING ASIAN INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company which was held today, the
Board are pleased to announce that all the resolutions put to shareholders were
passed, including two special resolutions which:



a)   will allow the Company to make market purchases of ordinary shares up to 
a maximum number of 24,296,098 representing 14.99% of the Company's
issued ordinary share capital; and



b)     change the Company's name to 'JPMorgan Fleming Asian Investment Trust 
plc'.



In addition, an ordinary resolution was passed to the effect that the Company
continue in existence as an investment trust for a further three year period.



The change of the Company name will become effective on the issue of the
certificate of incorporation on change of name by the Registrar of Companies and
a further announcement will follow in this respect.




12th February 2002


For further information, please contact:



Fraser Easton (Company Secretary)
J.P. Morgan Fleming Asset Management (UK) Ltd ................ 020 7742 6000







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