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One week left to invest in offer period of J.P. Morgan Global Emerging Markets Income Investment Trust

Prospectus and application form at www.jpmglobalemergingmarkets.co.uk

London, 15^th July 2010 - J.P. Morgan Asset Management reminds investors looking to invest in the launch of JPMorgan Global Emerging Markets Income Trust they have just a week left to invest directly. The offer period will close on Friday 23rd July and the Investment Trust is expected to commence trading on 29th July 2010.

Subscribing investors will be able to gain access to dividend paying stocks in the MSCI Emerging Markets Index, which not only offer as much sector diversity as dividend paying stocks in the FTSE All Share*, but also offer a much larger potential investment universe, with over 750 stocks, versus less than 480 in the FTSE All Share.

Over the last seven years the number of emerging market stocks has grown four-fold, therefore facilitating healthy diversification and an increasing universe for investment. UK companies have historically been seen as having a good record of paying consistent dividends, but J.P. Morgan Asset Management says the investment universe is narrow and investors should consider casting a wider net. Emerging market companies offer the opportunity to combine dividend yield and the potential for capital growth, thus providing an alternative to better-known UK companies.

The Issue Price of the Ordinary Shares for investors who want to make the most of the offer is 100p each with a minimum subscription amount of £1,000. Direct investments can be made by downloading a prospectus and application form from the website www.jpmglobalemergingmarkets.co.uk.

David Barron, Head of Investment Trusts at J.P. Morgan Asset Management said, "Investors need to act now in order to take advantage of this opportunity to diversify their equity income portfolios. By investing in the JPMorgan Global Emerging Markets Income Trust, they can capitalise on the attractive yields emerging markets companies offer. These markets are now providing the opportunity for investors to gain an income through dividends as well as offering the potential for capital growth. Emerging market companies have weathered the global financial crisis well, with low debt levels and robust balance sheets, and we firmly believe now is the time for UK investors to look at emerging markets as both a long term growth story and, increasingly, as a source of equity income."

The JPMorgan Global Emerging Markets Income Trust will seek to deliver a 4% target gross yield (based on the issue price). The portfolio will aim to have 50 - 80 holdings in global emerging market equities, with an investible universe of up to 300 dividend paying stocks. The Company will measure its performance against the MSCI Emerging Markets TR Net Index (GBP).

The Investment Trust will charge 1% on gross assets with a performance fee of 10% on NAV growth over benchmark, (MSCI Emerging Markets Total Return Net Index in Sterling). The maximum performance fee in any one year is capped at 0.75% of average monthly net assets with excess carried forward. Performance fees will be accrued monthly and reflected in the published NAV per share, but only paid to J.P.Morgan Asset Management in years when NAV growth is positive. Performance fees accrued in any year when dividends are cut will not be paid in that year but will be carried forward for payment in future years. Performance fees carried forward from earlier years may be paid in a year when dividends are cut.

Investors can register at www.jpmglobalemergingmarkets.co.uk to receive further information.

* Charts show the composition of total dividends from FTSE All Share Companies vs MSCI EM Index

(N.B. BP has suspended its dividend)
Source: Datastream, Winterflood Securities (30/06/10)

Source: MSCI Barra (30/06/10)

J.P. Morgan Asset Management manages 20 investment trusts, which had combined AUM of GBP 6.9 billion (to end April 2010)

About Richard Titherington

The JPMorgan Global Emerging Markets Income Trust will be managed by Richard Titherington, CIO of the Emerging Markets Equity Team at J.P. Morgan Asset Management. An employee since 1986, Richard obtained an M.A. in politics, philosophy and economics from Oxford University.

Richard will be supported by the comprehensive research platform of the dedicated emerging markets equity team who provide fundamental and quantitative analysis. In addition, the J.P. Morgan Asset Management Emerging Markets Debt team and global sector specialists will add valuable insight.

For further information please contact:
J.P. Morgan Asset Management
Jayne Fieldhouse: Media Relations
Telephone: 020 7742 8337
Email: jayne.e.fieldhouse@jpmorgan.com

Lyndsay Hayward / Caroline Macleod-Smith / Lucy Banks, Lansons Communications
Caroline Macleod-Smith
Telephone: 020 7294 3660 / 020 7566 9702 / 020 7294 3689
Email: lyndsayh@lansons.com / carolinems@lansons.com / lucyb@lansons.com