RNS Number:0375N
JPMorgan Fleming Managed Income PLC
01 July 2003

                          STOCK EXCHANGE ANNOUNCEMENT


                      JPMORGAN FLEMING MANAGED INCOME PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION



JPMorgan Fleming Managed Income plc announces that on 27th June 2003 in the
market it purchased for cancellation 102,155 ordinary shares at 74p per share
representing 0.30% of the ordinary shares in issue.



The current repurchase authority for 5,124,863 shares was approved by
shareholders on 3rd December 2002. The number of shares repurchased under the
current authority totals 430,081.



The remaining shares in issue following this announcement are 34,018,247.







1st July 2003


For further information, please contact:


Hilary Lowe
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3425



Nathan Brown
Close Brothers Securities, 020 7621 0004






                      This information is provided by RNS
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