Transaction in Own Shares

JPMorgan Claverhouse IT PLC
16 May 2007



                          STOCK EXCHANGE ANNOUNCEMENT


                   JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Claverhouse Investment Trust plc announces that today in the market
they purchased for cancellation 40,000 ordinary shares at 578.53 pence per share
representing 0.07% of the ordinary shares in issue.


The current repurchase authority for 9,044,121 shares was approved by
shareholders on 19th April 2007.  To date 282,082 shares have been repurchased
under this authority.


The remaining shares in issue following this repurchase total 60,052,281.




16th May 2007



For further information, please contact:


Jonathan Latter
JPMorgan Asset Management (UK) Limited, 020 7742 6000



Shamus Henderson
Cazenove Global Equities- Stockbrokers to the Company
0207 155 8122








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