Transaction in Own Shares

JPMorgan Fleming Overseas IT PLC
21 September 2006



                          STOCK EXCHANGE ANNOUNCEMENT


                 JPMORGAN FLEMING OVERSEAS INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Overseas Investment Trust plc announces that yesterday in the
market it purchased for cancellation 35,000 ordinary shares at 575p per share,
representing a total of 0.10% of the ordinary shares in issue.


The current repurchase authority for 10,454,335 shares was approved by
shareholders on 30th November 2005 but, following the Tender Offer on 31st March
2006, the Directors have undertaken to limit repurchases to 5,571,400 shares.
To date 2,431,000 ordinary shares have been repurchased under this authority.


The remaining number of ordinary shares in issue following this repurchase is
34,736,448.


21st September 2006


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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