JPMorgan Emerging Markets continues to perform

In the 12 months to 30th June 2008 JPMorgan Emerging Markets Investment Trust plc (the ‘Company') provided shareholders with a positive return.

During that period the Company delivered a total return to shareholders of +4.7% and a net asset value total return of +2.5%.

The first 3 months of the new financial year have seen significant falls in financial markets worldwide and the Company's net asset value total return has fallen 17.4%. This however is 1.0% better than the MSCI Emerging Markets Free Index (in sterling terms) which returned -18.4%. The return to shareholders over this period was -21.9%.

Roy Reynolds, the Chairman of JPMorgan Emerging Markets Investment Trust plc said, "It is pleasing to report a positive return over our financial year to 30th June 2008 and our medium and long term performance remains excellent."

Looking to the future Reynolds added "We are facing changes in financial markets of seismic proportions. However, emerging markets in general are better run and better capitalised than they were 5 to 10 years ago and I believe will prove more robust in handling this crisis. Moreover many of the fundamentals for continued growth in emerging economies remain in place.

We as a Company have a number of strengths. As an investment trust we can, and do, take a longer term view and are not forced sellers in market conditions such as these. We also have a global emerging markets mandate that allows us to switch the focus of our investments and better manage risk. In JPMorgan Asset Management we have a manager with a strong base, enormous resources and significant expertise in seeking-out quality companies that investors would wish to see in a best ideas global emerging markets portfolio."