Transaction in Own Shares

JP Morgan Mid Cap Invest Trust PLC 
12 January 2006



                          STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN MID CAP INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Mid Cap Investment Trust plc announces that today, Thursday 12th
January 2006 in the market it purchased for cancellation 80,000 ordinary shares
at 518.375 pence per share representing 0.24% of the ordinary shares in issue.

The current repurchase authority for 5,117,436 shares was approved by
shareholders on 2nd November 2005.  To date 535,000 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase totals 33,604,000.


12th January 2006


For further information, please contact:

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

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



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