Transaction in Own Shares

JPMorgan Claverhouse IT PLC
21 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 25,000 ordinary shares at 585 pence per share
representing 0.04% 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 337,082 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase total 59,997,281.






21st 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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