Transaction in Own Shares

JPMorgan Overseas IT PLC
10 January 2008




                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Overseas Investment Trust plc has today purchased 40,000 ordinary
shares for cancellation at 636 pence per share.

Following the transaction the remaining shares in issue total 28,004,948.


10th January 2008



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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