Company Update

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

Legal Entity Identifier: 213800RLXLM87NO26S30

8 March 2022

JUPITER EMERGING & FRONTIER INCOME TRUST PLC

(the "Company")

Company Update

Further to the Company's announcement on 24 February 2022, the Board has concluded that it would be in the best interests of the Company and shareholders as a whole to put forward proposals for the members' voluntary liquidation of the Company. The Board is conscious of the current size of the Company, the risk of further shrinkage through redemptions and the limited opportunities for growth against the backdrop of a deteriorating international outlook. The recent invasion of Ukraine has only served to reinforce the Board's reservations.

As part of these proposals, the Board is considering a scheme of reconstruction which, in addition to a full cash exit less costs, would include an optional rollover of the Company's assets into another vehicle. A further announcement will be made in due course.

General Meeting

The Company has convened a general meeting to be held on 10 March 2022 (the "General Meeting"). As previously communicated, it is now intended that the General Meeting will be opened and immediately adjourned indefinitely. Accordingly, Shareholders are requested not to seek to attend the General Meeting.

Enquiries:

Magnus Spence

Jupiter Asset Management Limited, Company Secretary

020 3817 1000

[email protected]

Peel Hunt (Broker)

Liz Yong / Luke Simpson

020 7418 8900