Results of General & Class Meetings -Recons Scheme

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ELECT PLC

Scheme of Reconstruction of JPMorgan Income & Growth Investment Trust plc ("JPMIG") - Results of General Meeting and Class Meetings

Further to the shareholder circular dated 26 October 2016 (the "Circular") the Board of JPMorgan Elect plc ("JPM Elect" or the "Company") is pleased to announce that all of the resolutions relating to the issue of New Elect Shares in connection with the reconstruction of JPMorgan Income & Growth Investment Trust plc (the "Scheme") put to shareholders today at the Managed Cash Class Meeting (which was adjourned and reconvened on the same day on 22 November 2016), the Managed Growth Class Meeting, the Managed Income Class Meeting and the General Meeting were duly passed. In addition, the Transfer Consents proposed at the relevant Class Meetings were duly passed.

The JPMIG Scheme Resolutions proposed at the JPMIG First General Meeting were duly passed. The Scheme remains conditional, amongst other things, upon:

(i) the passing of all the JPMIG Scheme Resolutions to be proposed at the JPMIG Second General Meeting (or any adjournment thereof);

(ii) all conditions to the JPMIG Scheme Resolutions (excluding any condition relating to the passing of any other JPMIG Scheme Resolution) being fulfilled;

(iii) the UK Listing Authority agreeing to amend the listing of the JPMIG Shares to reflect their reclassification as Reclassified Shares;

(iv) the UK Listing Authority having agreed to admit the New Elect Shares to the premium segment of the Official List and the London Stock Exchange having agreed to admit the New Elect Shares to trading on the main market for listed securities of the London Stock Exchange; and

(v) the JPMIG Directors not resolving to abandon the Scheme.

Expected Timetable

Each of the times and/or dates in the expected timetable may (where permitted by law) be extended or brought forward without further notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to shareholders by an announcement through a Regulatory Information Service. All references to times in this document are to London time.

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular.

The full text of the resolutions can be found in the notices to the Meetings contained in the Circular 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:

Richard Plaskett

JPMorgan Funds Limited, Client Director

020 7742 3422

Rhys Williams

JPMorgan Funds Limited, Company Secretary

020 7742 5073

David Benda/Harry Trueman

Corporate broker to Elect in respect of the proposals, Numis Securities Limited

020 7260 1000