Net Asset Value(s)

JPMorgan Eur Fldglng Inv Trust PLC
08 April 2008


JPMORGAN ASSET MANAGEMENT (UK) LIMITED ANNOUNCES THE UNAUDITED NET ASSET VALUES
(NAVS) OF THE FOLLOWING INVESTMENT TRUSTS AS AT CLOSE OF BUSINESS ON 7TH APRIL
2008.  THESE NAVS HAVE BEEN CALCULATED IN ACCORDANCE WITH AIC RECOMMENDATIONS
(I.E. EXCLUDING CURRENT FINANCIAL YEAR REVENUE ITEMS), EXCEPT WHERE NOTED BELOW.
  THE UNDERLYING INVESTMENTS OF THE INVESTMENT TRUSTS HAVE BEEN VALUED ON A BID
BASIS, OR IF MORE APPROPRIATE, A LAST TRADE BASIS.  PROVISIONS FOR PERFORMANCE
FEES, CAPITAL EXPENSES AND CAPITAL INTEREST ARE INCLUDED IN THESE NAVS WHERE
APPLICABLE.


AN ESTIMATE OF THE CURRENT REVENUE RESERVE IS INCLUDED WHERE THIS RESERVE IS IN
DEFICIT.


THE NET ASSET VALUES IN PENCE WITH DEBT VALUED AT PAR AS AT MARKET CLOSE ON 7TH
APRIL 2008 WERE AS FOLLOWS:

JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC:                       820.90
JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC:***                    814.63


***THE ABOVE NAV ASSUMES THAT THE 2,579,875 TREASURY SHARES HAVE BEEN REISSUED
AT THE PREVIOUS NIGHT'S CLOSING MID PRICE.



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