Issue of Equity

JP Morgan Fleming Indian IT PLC
21 January 2005


          
                      LONDON STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC

                               ISSUE OF SHARES


JPMorgan Fleming Indian Investment Trust plc announces that today it issued
250,000 ordinary shares to a market participant at 144.5 pence per share
representing 0.29% of the ordinary shares in issue.

The number of shares issued under the current authority totals 3,420,000.

The remaining shares in issue following this notification are 87,361,392.


21st January 2005


For further information, please contact:

Simon Crinage
J.P. Morgan Fleming Asset Management (UK) Limited - Secretary
Telephone [phone]


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