Transaction in Own Shares

JPMorgan Overseas IT PLC
31 August 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

JPMorgan Overseas Investment Trust plc has today purchased 22,000 ordinary
shares for cancellation at 609 pence per share.

Following the transaction the remaining shares in issue total 29,959,948.


31st August 2007


For further information, please contact:

Philip Jones
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Nathan Brown
Winterflood Investment Trusts - Stockbrokers to the Company
020 7621 0004






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