Transaction in Own Shares

JPMorgan Japanese Inv. Trust PLC
15 November 2007

                       LONDON STOCK EXCHANGE ANNOUNCEMENT





                     JPMORGAN JAPANESE INVESTMENT TRUST PLC





                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION





JPMorgan Japanese Investment Trust plc today purchased 300,000 ordinary shares
for cancellation at 192.47 pence per share.



Following the transaction the remaining shares in issue total 175,526,919.







15th November 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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