Net Asset Value(s)

RNS Number : 5388U

JPMorgan US Discovery IT PLC

15 May 2008

 



RELEASE ANNOUNCEMENT FROM:

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

NAME OF CONTACT AND TELEPHONE NUMBER FOR QUERIES

DEBBIE SARFAS 020 7742 3449

NAME OF AUTHORISED COMPANY OFFICIAL RESPONSIBLE FOR MAKING THIS NOTIFICATION

JONATHAN LATTER 020 7742 3408

DATE 15TH MAY 2008

JPMORGAN ASSET MANAGEMENT (UK) LIMITED ANNOUNCES THE UNAUDITED NET ASSET VALUES (NAVS) OF THE FOLLOWING INVESTMENT TRUSTS AS AT CLOSE OF BUSINESS ON 14TH MAY 2008. THESE NAVS HAVE BEEN CALCULATED IN ACCORDANCE WITH AIC RECOMMENDATIONS (I.E. EXCLUDING CURRENT FINANCIAL YEAR REVENUE ITEMS), EXCEPT WHERE NOTED BELOW. THE UNDERLYING INVESTMENTS OF THE INVESTMENT TRUSTS HAVE BEEN VALUED ON A BID BASIS, OR IF MORE APPROPRIATE, A LAST TRADE BASIS. PROVISIONS FOR PERFORMANCE FEES, CAPITAL EXPENSES AND CAPITAL INTEREST ARE INCLUDED IN THESE NAVS WHERE APPLICABLE.

AN ESTIMATE OF THE CURRENT REVENUE RESERVE IS INCLUDED WHERE THIS RESERVE IS IN DEFICIT.

THE NET ASSET VALUES IN PENCE WITH DEBT VALUED AT PAR AS AT MARKET CLOSE ON 14TH MAY 2008 WERE AS FOLLOWS:

JPMORGAN US DISCOVERY INVESTMENT TRUST PLC:	756.47
JPMORGAN US DISCOVERY INVESTMENT TRUST PLC:*****	754.47

***** THE ABOVE NAV ASSUMES THAT THE 365,000 TREASURY SHARES HAVE BEEN REISSUED AT 95% OF THE CLOSING NAV.

 

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