Transaction in Own Shares

JPMorgan Overseas IT PLC
27 March 2007

The following replaces announcement 7769T released to the London Stock Exchange
at 10.15 am on Tuesday 27th March 2007.


Please note that the share price is 614 pence and not 615 pence as previously
stated.


All other details remain unchanged.




                          STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Overseas Investment Trust plc announces that yesterday in the market it
purchased for cancellation 30,000 ordinary shares at 614.0 pence per share,
representing a total of 0.09% 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 1,009,000 shares have been
repurchased under this authority.


The remaining ordinary shares in issue following this repurchase totals
32,386,448.

27th March 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





                      This information is provided by RNS
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