Transaction in Own Shares

JPMorgan Fleming Overseas IT PLC
17 May 2006


                          STOCK EXCHANGE ANNOUNCEMENT

                 JPMORGAN FLEMING OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Overseas Investment Trust plc announces that today in the
market it purchased for cancellation 50,000 ordinary shares at 593p per share,
representing a total of 0.14% 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 605,000 ordinary shares have been repurchased under this authority.

The remaining number of ordinary shares in issue following this repurchase is
36,562,448.


17th May 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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