Transaction in Own Shares

JPMorgan Asian Investment Tst PLC
18 May 2006


                          STOCK EXCHANGE ANNOUNCEMENT

                      JPMORGAN ASIAN INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Asian Investment Trust plc announces that today in the market they
purchased for cancellation 120,000 ordinary shares at 131.96 pence per share
representing 0.07% of the ordinary shares in issue.

The current repurchase authority for 24,613,453 shares was approved by
shareholders on 3rd February 2006.  To date 872,000 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 163,327,154.



18th May 2006



For further information, please contact:

Philip Jones
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Shamus Henderson
JPMorganCazenove - Stockbrokers to the Company
0207 155 8122


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

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