Transaction in Own Shares

JPMorgan Claverhouse IT PLC
15 May 2007



                          STOCK EXCHANGE ANNOUNCEMENT





                   JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC





                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION





JPMorgan Claverhouse Investment Trust plc announces that today in the market
they purchased for cancellation 20,000 ordinary shares at 579 pence per share
representing 0.03% of the ordinary shares in issue.



The current repurchase authority for 9,044,121 shares was approved by
shareholders on 19th April 2007.  To date 242,082 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase total 60,092,281.






15th May 2007





For further information, please contact:



Jonathan Latter

JPMorgan Asset Management (UK) Limited, 020 7742 6000





Shamus Henderson

Cazenove Global Equities- Stockbrokers to the Company

0207 155 8122








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