Transaction in Own Shares

JPMorgan Fleming Japanese IT PLC
20 December 2006



                          STOCK EXCHANGE ANNOUNCEMENT





                     JPMORGAN JAPANESE INVESTMENT TRUST PLC





                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION





JPMorgan Japanese Investment Trust plc announces that yesterday in the market
they purchased for cancellation 32,000 ordinary shares at 243.18 pence per share
representing 0.02% of the ordinary shares in issue.



The current repurchase authority for 27,809,735 shares was approved by
shareholders on 19th December 2006.  To date 32,000 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase total 185,489,919.








20th December 2006





For further information, please contact:



Andrew Norman

JPMorgan Asset Management (UK) Limited, 020 7742 6000





Tom Harris

Dresdner Kleinwort Wasserstein, 0207 623 8000








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