Transaction in Own Shares

JPMorgan Overseas IT PLC
22 February 2008



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION




JPMorgan Overseas Investment Trust plc has today purchased 25,000 ordinary
shares for cancellation at 600.62 pence per share.



Following the transaction the remaining shares in issue total 27,853,448.




22nd February 2008



For further information, please contact:



Philip Jones

JPMorgan Asset Management (UK) Limited, 020 7742 6000










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