Transaction in Own Shares

JPMorgan Japanese Inv. Trust PLC
29 October 2007


                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN JAPANESE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

JPMorgan Japanese Investment Trust plc today purchased 50,000 ordinary shares
for cancellation at 212.00 pence per share.

Following the transaction the remaining shares in issue total 176,101,919.

29th October 2007


For further information, please contact:

Andrew Norman
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Dominic Waters
Dresdner Kleinwort - Stockbrokers to the Company
0207 623 8000






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