Transaction in Own Shares

JPMorgan Japanese Inv. Trust PLC
25 July 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT


                     JPMORGAN JAPANESE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Japanese Investment Trust plc today purchased 50,000 ordinary shares
for cancellation at 224.36 pence per share.

Following the transaction the remaining shares in issue total 180,661,919.



25th July 2007



For further information, please contact:

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


Gavin Tooke
Dresdner Kleinwort - Stockbrokers to the Company
0207 623 8000






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