Transaction in Own Shares

JPMorgan Fleming Overseas IT PLC
09 June 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 556p per share,
representing a total of 0.1% 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 790,000 ordinary shares have been repurchased under this authority.

The remaining number of ordinary shares in issue following this repurchase is
36,377,448.


9th June 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



                      This information is provided by RNS
            The company news service from the London Stock Exchange