Transaction in Own Shares

JPMorgan Overseas IT PLC
28 June 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Overseas Investment Trust plc has today purchased 30,000 ordinary
shares for cancellation at 632.4 pence per share.

Following the transaction the remaining shares in issue total 30,562,448.



28th June 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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