Holding(s) in Company

RNS Number : 1295G

JPMorgan US Discovery IT PLC

17 October 2008

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

JPMorgan US Discovery Investment Trust plc

2. Reason for notification (yes/no)

Other

Yes

3. Full name of person(s) subject to notification obligation:

Puddle Dock Nominees Limited

4. Full name of shareholder(s) (if different from 3):

Puddle Dock Nominees Limited

5. Date of transaction (and date on which the threshold is crossed or reached if different):

N/A

6. Date on which issuer notified:

17th October 2008

7. Threshold(s) that is/are crossed or reached:

N/A

8: Notified Details

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB003417101

1,010,956

16.29%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

1,010,956

16.29%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

JPMorgan US Discovery Investment Trust plc announces that JPMorgan Equity Plan Managers Limited has a notifiable interest in 1,010,956 ordinary shares. These shares are held on behalf of participants in the JPMorgan investment trust savings products. JPMorgan Equity Plan Managers Limited has a notifiable interest in these shares because, in certain circumstances and subject to certain limitations agreed with the Takeover Panel to ensure compliance with the Takeover Code, JPMorgan is entitled to exercise the voting rights attached to these shares if the relevant plan participants do not do so.

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14 Contact name:

Jonathan Latter

15. Contact telephone name:

0207 742 6000