Transaction in Own Shares

JPMorgan Overseas IT PLC
05 January 2007


                          STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Overseas Investment Trust plc announces that yesterday in the market it
purchased for cancellation 330,000 ordinary shares at 613.0p per share,
representing a total of 1% of the ordinary shares in issue.


The current repurchase authority for 5,005,977 shares was approved by
shareholders today at the Company's 2006 Annual General Meeting. To date 418,000
shares have been repurchased under this authority.


The remaining ordinary shares in issue following this repurchase totals
32,977,448.


5th January 2007



For further information, please contact:

Philip Jones
For and on behalf of
JPMorgan Asset Management (UK) Limited
Secretary
020 7742 6000



Nathan Brown
Winterflood Investment Trusts - Stockbrokers to the Company
020 7621 0004













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