Transaction in Own Shares

JPMorgan Overseas IT PLC
22 February 2007





                          STOCK EXCHANGE ANNOUNCEMENT





                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC





                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION









JPMorgan Overseas Investment Trust plc announces that today in the market it
purchased for cancellation 50,000 ordinary shares at 629p per share,
representing a total of 0.15% of the ordinary shares in issue.



The current repurchase authority for 5,005,977 shares was approved by
shareholders on 24th November 2006. To date 695,000 shares have been repurchased
under this authority.



The remaining ordinary shares in issue following this repurchase totals
32,700,448.



22nd February 2007





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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