Transaction in Own Shares

JPMorgan Japanese Inv. Trust PLC
30 May 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN JAPANESE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Japanese Investment Trust plc has today purchased 125,000 ordinary
shares for cancellation at 227 pence per share.

Following the transaction the remaining shares in issue total 183,755,919.


30th May 2007


For further information, please contact:

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

Gavin Tooke  
Dresdner Kleinwort Wasserstein, 0207 623 8000



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