Interim Results

JPMorgan Emerging Mkts Invest Trust
19 February 2007

                       LONDON STOCK EXCHANGE ANNOUNCEMENT



                 JPMORGAN EMERGING MARKETS INVESTMENT TRUST PLC



                                INTERIM RESULTS


The Company had an excellent first half year, with the net asset value total
return up 22.2%, as compared to the benchmark index, the MSCI Emerging Markets
Free Index (in sterling terms), of 16.6%. The return to shareholders was better
still at 22.4%.



Whilst the general expectation is for world growth to continue a steady upward
trend in 2007, we are aware that the benchmark index has more than doubled in
the last 3 years, and some consolidation might now be expected. However, the
trend continues to be towards globalisation and, despite some nationalistic
tendencies, this is bringing with it increasing national interdependence. As a
result, emerging markets are becoming larger and more mainstream and the sector
as a whole continues to offer good medium and long term investment
opportunities.



With a well resourced and experienced Manager, and the flexibility to invest
globally, rather than in only one country or region, I believe that shareholders
remain well placed to continue to benefit from the opportunities available to
the Company in this dynamic growth market.



Roy Reynolds

Chairman



19th February 2007



For further information, please contact:

Philip Jones

For and on behalf of

JPMorgan Asset Management (UK) Limited - Secretary

020 7742 6000




JPMorgan Emerging Markets Investment Trust plc

Unaudited figures for the six months ended 31st December 2006

Income Statement (Unaudited)


                          Six months to 31st December     Six months to 31st  December      Year to 30th June 2006
                          2006                                        2005
                            Revenue    Capital     Total   Revenue   Capital       Total   Revenue   Capital     Total
                              £'000      £'000     £'000     £'000     £'000       £'000     £'000     £'000     £'000

Gains from investments
held at fair value
through profit or loss            -     82,976    82,976         -    80,373      80,373         -    66,545    66,545

Net foreign currency
(losses) /gains                   -      (380)     (380)         -       304         304         -   (1,347)   (1,347)
Income from investments       2,957          -     2,957     2,768         -       2,768     8,021         -     8,021
Other interest receivable
and similar income               39          -        39       213         -         213       467         -       467
                            _______   ________   _______    ______   _______    ________   _______   _______   _______

Gross return                  2,996     82,596    85,592     2,981    80,677      83,658     8,488    65,198    73,686

Management fee              (2,073)          -   (2,073)   (1,315)         -     (1,315)   (3,088)             (3,088)
                                                                                                           -
Performance fee                   -    (2,840)   (2,840)         -   (1,702)     (1,702)         -   (1,338)   (1,338)

Other administrative
expenses                      (464)          -     (464)     (291)         -       (291)     (656)         -     (656)
                            _______   ________   _______    ______   _______    ________   _______   _______   _______

Net Return on ordinary
activities before finance
costs and taxation              459     79,756    80,215     1,375    78,975      80,350     4,744    63,860    68,604

Finance costs                   (1)          -       (1)      (11)         -        (11)      (12)         -      (12)

                            _______    _______   _______    ______   _______     _______   _______   _______   _______

Net return on ordinary
activities before
taxation                        458     79,756    80,214     1,364    78,975      80,339     4,732    63,860    68,592

Taxation                      (199)          -     (199)     (175)         -       (175)     (654)         -     (654)

                            _______   ________   _______    ______   _______    ________   _______   _______   _______

Net Return on ordinary
activities after taxation       259     79,756    80,015     1,189    78,975      80,164     4,078    63,860    67,938
                             ______    _______   _______    ______   _______     _______    ______   _______    ______

Return per share              0.23p     72.31p    72.54p     1.32p    87.56p      88.88p     4.30p    67.34p    71.64p






All revenue and capital items in the above statement derive from continuing
operations. No operations were acquired or discontinued in the period.


JPMorgan  Emerging Markets Investment Trust plc
Unaudited figures for the six months ended 31st December 2006
Reconciliation of Movements in Shareholders' Funds (Unaudited)






                                      Called up                 Capital
                                          share              redemption
                                        capital       Share     reserve     Other     Capital    Revenue
                                                    premium                reserve    reserve    reserve     Total
                                          £'000       £'000       £'000      £'000      £'000      £'000     £'000


At 30th June 2005                        22,548           -       1,665     69,939    125,769      2,254   222,175
Adjustment to opening shareholders
funds at 1st July 2005 to reflect
the adoption of bid prices

                                              -           -           -          -    (1,162)          -   (1,162)
Shares issued                             5,027      71,052           -          -          -          -    76,079
Total return from ordinary                    -           -           -          -     63,860      4,078    67,938
activities
Dividends appropriated in the year            -           -           -          -          -    (4,149)   (4,149)

 At 30th June 2006                       27,575      71,052       1,665     69,939    188,467      2,183   360,881

Total return from ordinary                    -           -           -          -     79,756        259    80,015
activities
Dividends appropriated in the period          -           -           -          -          -    (1,655)   (1,655)
At 31st December 2006                    27,575      71,052       1,665     69,939    268,223        787   439,241


JPMorgan Emerging Markets Investment Trust plc
Unaudited figures for the six months ended 31st December 2006


BALANCE SHEET                                                      31st December    31st December      30th June
                                                                            2006             2005           2006
                                                                           £'000            £'000          £'000

Fixed assets

Investments at fair value through profit and loss                        440,646          293,684        360,069

Current assets
Debtors                                                                    2,083            1,970          1,021

Cash and short term deposits                                                 235            9,041          2,553
                                                                           2,318           11,011          3,574

Creditors : amounts falling due within one year                          (3,723)          (3,637)        (2,581)
Net current (liabilities) / assets                                       (1,405)            7,374            993

Total assets less current liabilities                                    439,241          301,058        361,062

Provision for liabilities and charges                                          -            (929)          (181)

Total net assets                                                         439,241          300,129        360,881

Capital and reserves
Called up share capital                                                   27,575           22,548         27,575
Share premium                                                             71,052                -         71,052
Capital redemption reserve                                                 1,665            1,665          1,665
Other reserve                                                             69,939           69,939         69,939
Capital reserve                                                          268,223          204,744        188,467
Revenue reserve                                                              787            1,233          2,183

Shareholders' funds                                                      439,241          300,129        360,881

Net asset value per share                                                 398.2p           332.8p         327.2p


CASH FLOW STATEMENT                                                31st December    31st December      30th June
                                                                            2006             2005           2006
                                                                           £'000            £'000          £'000

Net cash (outflow)/inflow from operating activities                      (2,308)            (940)          1,840
Net cash outflow from returns on investments and servicing
of finance                                                                   (1)             (11)           (11)
Net cash inflow /(outflow) from capital expenditure and
financial investment                                                       2,027          (3,063)       (10,842)
Dividends paid                                                           (1,655)          (2,210)        (4,149)
Net cash inflow from financing                                                 -                9          2,113

Decrease in cash for the period                                          (1,937)          (6,215)       (11,049)




Notes to the Accounts



1. Accounting policies

The accounts have been prepared in accordance with United Kingdom Generally
accepted Accounting Practice ('UK GAAP') and with the Statement of  Recommended
Practice 'Financial Statements of Investment Trust Companies' dated 31st
December 2005.

All of the Company's operations are of a continuing nature.

The accounting policies applied to these interim accounts are consistent with
those applied in the accounts for the year ended 30th June 2006.



2. Return per share




                                         (Unaudited)          (Unaudited)             (Audited)
                                    Six months ended     Six months ended            Year ended
                                  31st December 2006   31st December 2005        30th June 2006
                                               £'000                £'000                 £'000
Return per share is based on the
following:
               Revenue Return                    259                1,189                 4,078
               Capital return                 79,756               78,975                63,860
                                             _______               ______                ______
                 Total Return                 80,015               80,164                67,938
                                              ======               ======                 =====
Weighted average number

of shares in issue                       110,303,742           90,194,218            94,834,877

                            

Revenue return per share                       0.23p                1.32p                 4.30p
Capital return per share                      72.31p               87.56p                67.34p
                                             _______               ______                ______
       Total return per share                 72.54p               88.88p                71.64p
                                              ======               ======                 =====



3. Net asset value per share

Net asset value per share is calculated by dividing the funds attributable to
the ordinary shareholders by the number of ordinary shares in issue at 31st
December 2006 of 110,303,742 (31st December 2005: 90,194,218 and 30th June 2006:
110,303,742).



4. Accounts for the year ended 30th June 2006

The figures and financial information for the year ended the 30th June 2006 are
extracted from the latest published accounts of the Company and do not
constitute statutory accounts for that year. Those accounts have been delivered
to the Registrar of Companies and included the report of the auditors which was
unqualified and did not contain a statement under either section 237(2) or 237
(3) of the Companies act 1985.



JPMORGAN ASSET MANAGEMENT (UK) LIMITED










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