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JP Morgan Inc & Cap (JPI)

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Friday 15 February, 2008

JP Morgan Inc & Cap

Results of Plan Elections

JPMorgan Income & Capital IT PLC
15 February 2008


JPMorgan Income & Capital Investment Trust plc

London 15 February 2008

Results of Plan Elections

Unless otherwise stated, terms in this announcement have the same meaning as
shown in the Circular dated 11 January 2008.

JPMorgan Income & Capital Investment Trust plc ('the Company') announces the
results of Elections made by Plan Participants who hold Ordinary Shares, Zero
Dividend Preference Shares ('ZDP Shares') and Units in the Company via Plans
managed by JPMorgan Asset Management (UK) Limited.

Under the Scheme of Reconstruction proposed by the Company on 11 January 2008,
Plan Participants were required to elect by 11 February 2008 to either receive a
cash amount being the Terminal Asset Value of the Ordinary Shares as at the
calculation date or a cash amount being the Capital Entitlement of the ZDP
Shares or to receive Securities in a new Company, JPMorgan Income & Capital
Trust plc ('JPMICT'). Plan Participants who did not complete and return a Form
of Election by 11 February 2008 were deemed to have elected for equivalent
JPMICT Securities.

As at the calculation date in respect of Plan Participant Elections, there were
          
     -    30,427,466 Ordinary Shares registered in the Plans
     -    10,186,740 ZDP Shares registered in the Plans

Valid elections to receive a cash amount were received in respect of
          
     -    2,783,301 Ordinary Shares
     -    1,743,011 ZDP Shares

Elections and/or Deemed Elections for equivalent JPMICT Securities were received
in respect of
          
     -    27,644,165 Ordinary Shares
     -    8,443,729 ZDP Shares

The latest time for receipt of Forms of Election from Shareholders and
Unitholders is 5.00 p.m. on 18 February 2008.


JPMorgan Asset Management (UK) Limited - Secretary
Craig Cleland 0207 742 3418


                      This information is provided by RNS
            The company news service from the London Stock Exchange