Transaction in Own Shares

JPMorgan Overseas IT PLC
22 March 2007



                          STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Overseas Investment Trust plc announces that today in the market it
purchased for cancellation 28,000 ordinary shares at 610.0 pence per share,
representing a total of 0.09% of the ordinary shares in issue.

The current repurchase authority for 5,005,977 shares was approved by
shareholders on 24th November 2006. To date 962,000 shares have been repurchased
under this authority.

The remaining ordinary shares in issue following this repurchase totals
32,433,448

22nd March 2007


For further information, please contact:

Philip Jones
For and on behalf of
JPMorgan Asset Management (UK) Limited
Secretary
020 7742 6000

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



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