Transaction in Own Shares

JPMorgan Overseas IT PLC
13 December 2006



                          STOCK EXCHANGE ANNOUNCEMENT


                     JPMORGAN OVERSEAS INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Overseas Investment Trust plc announces that today in the market it
purchased for cancellation 16,000 ordinary shares at 603p per share,
representing a total of 0.05% of the ordinary shares in issue.


The current repurchase authority for 5,005,977 shares was approved by
shareholders at the Company's 2006 Annual General Meeting. To date 39,000 shares
have been repurchased under this authority.


The remaining ordinary shares in issue following this repurchase totals
33,356,448.


13th December 2006

For further information, please contact:

Philip Jones

For and on behalf of

JPMorgan Asset Management (UK) Limited

Secretary

020 7742 6000



Nathan Brown

Winterflood Investment Trusts - Stockbrokers to the Company

020 7621 0004


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