Transaction in Own Shares

JPMorgan Fleming Overseas IT PLC
28 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 25,000 ordinary shares at 562p 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 840,000 ordinary shares have been repurchased under this authority.



The remaining number of ordinary shares in issue following this repurchase is
36,327,448.





28th 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               BKKKAB