Result of AGM

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ELECT PLC

RESULTS OF ANNUAL GENERAL MEETING 2016

Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all the ordinary business put to shareholders was passed. The following special business was also passed which:

i) will allow the Company to allot relevant securities in the Company (within the meaning of Section 551 of the Companies Act 2006) up to 3,367,461 Managed Growth Shares, 5,143,432 Managed Income Shares and 373,131 Managed Cash Shares (or, if different, the aggregate amount representing approximately 10% of the issued share capital of each share class of the Company as at the date of the admission to trading of new Managed Growth Shares, Managed Income Shares and Managed Cash Shares to be issued in connection with the scheme of reconstruction of JPMorgan Income & Growth Investment Trust plc ('JPMIG'));

ii) will allow the Company to disapply pre-emption rights in respect of the allotment of new ordinary shares in the Company subject to certain specified conditions;

iii) will allow the Company to make market purchases of its issued Managed Growth shares, Managed Income shares and Managed Cash shares up to a maximum number of5,047,825, 7,710,005 or 559,324 respectively, or, if different, that number of Managed Growth, Managed Income and Managed Cash shares which is equal to 14.99% of the issued share capital of the relevant share class as at the date of the admission to trading of new Managed Growth Shares, Managed Income Shares and Managed Cash Shares to be issued in connection with the scheme of reconstruction of JPMIG; and

iv) will enable the Company to make off-market purchases of its own securities.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts which is available for viewing at the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM and from the Company's website, www.jpmelect.co.uk. 

A Summary of proxy votes received will shortly be available on the Company's website, www.jpmelect.co.uk.

22 November 2016

For further information, please contact:

Rhys Williams

For and on behalf of

JPMorgan Funds Limited, Secretary

020 7742 4000