Update on General Meeting

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

24 February 2022

JUPITER EMERGING & FRONTIER INCOME TRUST PLC

(the "Company")

Update on General Meeting

The Company announced on 11 February 2022 that, following a shareholder consultation, it had published a circular to shareholders detailing proposals (the "Proposals") to amend the terms of the Company's Redemption Facility, and to introduce a regular vote on the continuation of the Company (the "Circular"). This contained a notice convening a general meeting of the Company (the "General Meeting") to be held on 10 March 2022 and the Company now announces its intention to adjourn the General Meeting indefinitely.

The Company has received further feedback from its shareholders since the Company's earlier announcement and the Board, based on that information, now considers that the support for the Proposals is not sufficiently broad to allow the Board to recommend that they be implemented. Resolution 1, which would be proposed at the General Meeting as a special resolution, would, if passed, adopt amended Articles of Association to implement the proposed changes to the Redemption Facility and the introduction of the continuation vote.

As a result, the Board is reviewing further options and does not consider it appropriate to make a recommendation on Resolution 2, regarding the continuation of the Company, until this process has been completed. A further update will be provided ahead of the Company's AGM to be held on 28th March 2022.

The Board has therefore decided not to proceed with the business of the General Meeting. It is intended that the General Meeting will be opened and immediately adjourned indefinitely. Accordingly, Shareholders are requested not to seek to attend the General Meeting.

Terms used and not defined in this announcement have the meanings given to them in the Circular.

Enquiries:

Magnus Spence

Jupiter Asset Management Limited, Company Secretary

020 3817 1000

[email protected]

Peel Hunt (Broker)

Liz Yong / Luke Simpson

020 7418 8900