Transaction in Own Shares

JPMorgan Overseas IT PLC
19 November 2007


                       LONDON STOCK EXCHANGE ANNOUNCEMENT


                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Overseas Investment Trust plc has today purchased 348,000 ordinary
shares for cancellation at 618.5 pence per share.


Following the transaction the remaining shares in issue total 28,724,948.


19th November 2007


For further information, please contact:

Philip Jones

JPMorgan Asset Management (UK) Limited, 020 7742 6000


Nathan Brown

Winterflood Investment Trusts - Stockbrokers to the Company

020 7621 0004



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