Transaction in Own Shares

JPMorgan Japanese Inv. Trust PLC
03 January 2008

                       LONDON STOCK EXCHANGE ANNOUNCEMENT





                     JPMORGAN JAPANESE INVESTMENT TRUST PLC





                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION





JPMorgan Japanese Investment Trust plc today purchased 200,000 ordinary shares
for cancellation at 190.02 pence per share.



Following the transaction the remaining shares in issue total 174,404,919.







3rd January 2008





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






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