Transaction in Own Shares

JPMorgan Japanese Inv. Trust PLC
13 December 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN JAPANESE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION



JPMorgan Japanese Investment Trust plc today purchased 160,000 ordinary shares
for cancellation at 189.50 pence per share.

Following the transaction the remaining shares in issue total 174,604,919.



13th December 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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