AGM Statement

JPMorgan US Discovery IT PLC
24 April 2007



                          STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN US DISCOVERY INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company, which was held today, the
Board is pleased to announce that all of the resolutions put to shareholders
were passed, including four Special Resolutions which:
     
i)   will allow the Company to make market purchases of up to 1,476,736 
     ordinary shares, representing 14.99% of the Company's issued share capital;

ii)  will allow the disapplication of pre-emption rights on the allotment of new 
     ordinary shares;

iii) will allow the reissue of ordinary shares previously held in treasury, up 
     to an aggregate nominal amount of £246,287, representing approximately 10% 
     of the Company's issued share capital; and

iv)  will allow the disapplication of pre-emption rights on the reissue of 
     ordinary shares from treasury.


24th April 2007


For further information, please contact:

Lucy Dina
For and on behalf of
JPMorgan Asset Management (UK) Limited - Secretary
020 7742 6000


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