AGM Statement

JPMorgan Fleming Eur Fldglng IT PLC
12 July 2006


                         STOCK EXCHANGE ANNOUNCEMENT

          JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company, which was held today, the
Board is pleased to announce that all of the Ordinary Resolutions put to
shareholders were passed.  In addition, five Special Resolutions were passed as
follows:

 i. which will allow the Company to make market purchases 7,911,949 or if less,
    that number of ordinary shares which is equal to 14.99% of the Company's
    issued ordinary share capital;

ii. be authorised to re-issue ordinary shares previously held in treasury up to
    an aggregate nominal amount of £1,319,538 representing approximately 10% of
    the total ordinary share capital in issue;

iii. to disapply pre-emption rights on the sale of ordinary shares previously
    held in treasury:

iv. be authorised to increase the maximum aggregate Directors' fee from £125,000
    to £175,000 per annum with immediate effect;

 v. change the name of the Company to 'JPMorgan European Fledgeling Investment
    Trust plc'.

The change of 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 July  2006


For further information, please contact:

Hilary Lowe
For and on behalf of
JPMorgan Asset Management (UK) Limited - Secretary
020 7742 6000




                      This information is provided by RNS
            The company news service from the London Stock Exchange