Transaction in Own Shares

JPMorgan Japanese Inv. Trust PLC
08 October 2007

   THIS ANNOUNCEMENT REPLACES RNS NO: 3627F WHICH WAS RELEASED ON 08/10/07 AT
   17.45. THIS SHOULD HAVE BEEN ISSUED UNDER THE COMPANY NAME OF JPMORGAN
   JAPANESE INV. TRUST PLC AND NOT UNDER THE COMPANY NAME OF JPMORGAN FLEMING 
                        JAPANESE SMALLER COS.




                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN JAPANESE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION





JPMorgan Japanese Investment Trust plc today purchased 102,000 ordinary shares
for cancellation at 213.71 pence per share.

Following the transaction the remaining shares in issue total 176,601,919.


8th October 2007

For further information, please contact:

Andrew Norman
JPMorgan Asset Management (UK) Limited, 020 7742 6000


Dominic Waters
Dresdner Kleinwort - Stockbrokers to the Company
0207 623 8000






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