Final Results

JPMorgan Emerging Mkts Invest Trust
12 September 2007


                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                 JPMORGAN EMERGING MARKETS INVESTMENT TRUST PLC

           UNAUDITED FINAL RESULTS FOR THE YEAR ENDED 30TH JUNE 2007


Financial Highlights


     Total return to shareholders           Total return on net assets              Benchmark total return

                +39.9%                                +41.4%                                +33.3%
            (2006: +40.7%)                        (2006: +36.2%)                        (2006: +31.3%)


Chairman's Statement

It has been another excellent performance for JPMorgan Emerging Markets
Investment Trust over the last 12 months. The net asset value total return ('
NAV') was up 41.4% as against 33.7% for the Company's benchmark index, the MSCI
Emerging Markets Free Index. The share price total return at the end of June was
up 39.9% on the year.

The last 5 years have seen unprecedented growth in emerging market economies and
their stock markets, with the Company's benchmark rising 185%.  JPMorgan
Emerging Markets Investment Trust has been well positioned over this period and
outperformed the benchmark and its peers by a large margin with the share price
total return rising some 280%. At the portfolio level, much of this
outperformance came from excellent stock selection.

This time last year, we cautioned that a period of consolidation after the
dramatic bull period of the last few years could be expected.  It seems that
such a correction is now taking place and, because it has been somewhat delayed
in coming, the excesses built up in the market are creating more volatile and
uncertain market conditions than might otherwise have been the case.  Some five
years ago, the perceived much higher risk associated with investment in emerging
markets would have meant that falls in those markets would have been
proportionally higher during such a correction.  Today however, most of the
markets in which the Company invests are more solidly based.  Consequently,
whilst we have seen a modest fall in our NAV and share price since the end of
June, it is not of a different order of magnitude from that seen in many
developed markets.  We believe this is because most investors see emerging
markets continuing to offer higher growth potential while the risks are now much
lower than before.   Hence, whilst world markets could be facing considerable
volatility over the next few months, JPMorgan Emerging Markets Investment Trust
is well placed for the longer term.  We have the ability to invest worldwide, a
great strength, and we have a Manager in JPMorgan Asset Management that has the
resources and knowledge to identify solid undervalued stocks.

The Board remains very confident about the prospects for JPMorgan Emerging
Markets Investment Trust over the next few years.


Roy Reynolds
Chairman

12th September 2007



JPMorgan Emerging Markets Investment Trust plc
Unaudited figures for the  year ended 30th June 2007


Income Statement
 
                               (Unaudited)                                       (Audited)
                               Year ended 30th June 2007                 Year  ended 30th June 2006
                                   Revenue      Capital         Total    Revenue    Capital      Total
                                     £'000        £'000         £'000      £'000      £'000      £'000

Gains from investments held at
fair value through profit or
loss                                     -      151,401       151,401          -     66,545     66,545

Net foreign currency losses              -        (650)         (650)          -    (1,347)    (1,347)
Income from investments              8,010            -         8,010      8,021          -      8,021
Other interest receivable and
similar income                          45            -            45        467          -        467

Gross return                         8,055      150,751       158,806      8,488     65,198     73,686

Management fee                     (4,500)            -       (4,500)    (3,088)          -    (3,088)
Performance fee                          -      (4,176)       (4,176)          -    (1,338)    (1,338)
Other administrative expenses        (885)            -         (885)      (656)          -      (656)

Net return on ordinary
activities before finance
costs and taxation                   2,670      146,575       149,245      4,744     63,860     68,604

Finance costs                         (55)            -          (55)       (12)          -       (12)

Net return on ordinary
activities before taxation           2,615      146,575       149,190      4,732     63,860     68,592

Taxation                             (458)            -         (458)      (654)          -      (654)

Net return on ordinary
activities after taxation            2,157      146,575       148,732      4,078     63,860     67,938

Return per  share (note 2)           1.96p      132.88p       134.84p      4.30p     67.34p     71.64p



    Dividends proposed in respect of the financial year ended 30th June 2007
total 2.0p per share (2006: 3.65p per share) costing £2,206,000 (2006: 
£3,594,000).

All revenue and capital items in the above statement derive from continuing
operations. No operations were acquired or discontinued in the year. On 11th
April 2006, the Company acquired assets amounting to £76.1m from F&C Emerging
Markets Investment Trust plc, following a scheme of reconstruction of that
company. Therefore the comparative figures only include the results arising from
that acquisition for the latter part of the year.

The 'Total' column of this statement is the profit and loss account of the
Company and the 'Revenue' and 'Capital' columns represent supplementary
information. The 'Total' column represents all the information that is required
to be disclosed in a 'Statement of Total Recognised Gains and Losses (STRGL)'.
For this reason a STRGL has not been presented.


JPMorgan Emerging Markets Investment Trust plc
Unaudited figures for the year ended 30th June 2007


Reconciliation of Movements in Shareholders' Funds  (Unaudited)

                                                          Capital
                            Called up         Share    redemption      Other   Capital               Revenue 
                        Share capital       premium       reserve    reserve  reserves               reserve      Total
                                £'000         £'000         £'000      £'000     £'000                 £'000      £'000 
                   
At 30th June 2005              22,548             -         1,665     69,939   125,769                 2,254    222,175

Adjustment to opening
shareholders' funds at
1st July 2005 to reflect 
the adoption of bid prices          -             -             -          -   (1,162)                     -    (1,162)
Shares issued                   5,027        71,052             -          -         -                     -     76,079
Net return from                     -                           -          -    63,860                 4,078     67,938
ordinary activities                               -
Dividends appropriated                                                         
in the year                         -             -             -          -         -               (4,149)    (4,149)
At 30th June 2006              27,575        71,052         1,665     69,939   188,467                 2,183    360,881

Net return from                     -             -             -          -   146,575                 2,157    148,732
ordinary activities
Dividends appropriated                                                         
in the year                         -             -             -          -         -               (1,655)    (1,655)
At 30th June 2007              27,575        71,052         1,665     69,939   335,042                 2,685    507,958



JPMorgan Emerging Markets Investment Trust plc
Unaudited figures for the year ended 30th June 2007

BALANCE SHEET                                                           (Unaudited)            (Audited)
                                                                     30th June 2007       30th June 2006
                                                                              £'000                £'000
Fixed assets
Investments at fair value through profit or loss                            511,914              360,069

Current assets
Debtors                                                                       1,386                1,021
Cash and short term deposits                                                    925                2,553
                                                                            _______              _______
                                                                              2,311                3,574

Creditors : amounts falling due within one year                             (5,467)              (2,576)
                                                                            _______              _______

Net current (liabilities) / assets                                          (3,156)                  998
                                                                            _______              _______
Total assets less current liabilities                                       508,758              361,067

Creditors : amounts falling due after more than one year
Provisions for liabilities and charges                                        (800)                (186)
                                                                            _______              _______
Total net assets                                                            507,958              360,881
                                                                              =====                =====

Capital and reserves
Called up share capital                                                      27,575               27,575
Share premium                                                                71,052               71,052
Capital redemption reserve                                                    1,665                1,665
Other reserve                                                                69,939               69,939
Capital reserves                                                            335,042              188,467
Revenue reserve                                                               2,685                2,183
                                                                            _______              _______
Shareholders' funds                                                         507,958              360,881
                                                                              =====                 ====   

Net asset value per  share (note 3)                                          460.5p               327.2p


CASH FLOW STATEMENT
                                                                        (Unaudited)            (Audited)
                                                                     30th June 2007       30th June 2006
                                                                              £'000                £'000

Net cash inflow from operating activities                                       206                1,840

Net cash outflow from returns on investments and servicing of                  (55)                 (11)
finance

Net cash inflow/(outflow) from capital expenditure and
financial investment                                                            526             (10,842)

Dividends paid                                                              (1,655)              (4,149)

Net cash inflow from financing                                                    -                2,113
                                                                            _______               ______
Decrease in cash in the year                                                  (978)             (11,049)
                                                                              =====                 ====



Notes to the Accounts


1. Accounting policies

The accounts are prepared in accordance with the Companies Act 1985, United
Kingdom Generally

Accepted Accounting Practice ('UK GAAP') and with the Statement of  Recommended
Practice 'Financial Statements of Investment Trust Companies' issued by the AIC
in December 2005.

All of the Company's operations are of a continuing nature.



2. Return per share

                                                                           (Unaudited)            (Audited)
                                                                        30th June 2007       30th June 2006
                                                                                 £'000                £'000
Return per share is based on the following:

Revenue return                                                                   2,157                4,078

Capital return                                                                 146,575               63,860

Total return                                                                   148,732               67,938

Weighted average number of shares in issue                                 110,303,742           94,834,877

Revenue return per share                                                         1.96p                4.30p

Capital return per share                                                       132.88p               67.34p

Total return per ordinary share                                                134.84p               71.64p


3. Net asset value per share

The net asset value per share is based on funds attributable to shareholders and
on 110,303,742 (2006: 110,303,742) shares in issue at the year end.


4. Status of preliminary announcement

The financial information set out in this preliminary announcement does not
constitute the Company's statutory accounts for the years ended 3oth June 2007
or 2006. The statutory accounts for the year ended 30th June 2007 have not been
delivered to the Registrar of Companies, nor have the auditors yet reported on
them. The statutory accounts for the year ended 3oth June 2007 will be finalised
on the basis of the information presented by the directors in this preliminary
announcement and will be delivered to the Registrar of Companies following the
approval of the accounts by the Board of Directors.


JPMORGAN ASSET MANAGEMENT (UK) LIMITED



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