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JP Morgan Inc & Cap (JPI)

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Friday 22 February, 2008

JP Morgan Inc & Cap

Terminal Asset Value

JPMorgan Income & Capital IT PLC
22 February 2008

JPMorgan Income & Capital Investment Trust plc ('the Company')

22 February 2008

Illustrative Terminal Asset Value

The Company is due to calculate a Terminal Asset Value ('TAV') for Ordinary
Shares, Zero Dividend Preference Shares and Units as at close of business on 26
February 2008.   In order to assist Shareholders the Company will issue an
estimated TAV on Friday each week until end February 2008.

For illustrative proposes the Company estimates that if the Company had been
wound up on close of business on 21 February 2008 the Terminal Asset Value would
have been as shown below. The TAV does not include the necessary costs of
realising the Company's assets. The Dividend of 7.5p per Ordinary Share payable
on 28 February 2008 has been deducted from the TAV calculation together with the
required compound growth entitlement of the ZDP shares.

Estimated TAV per ordinary Share                           105.591842p

Estimated TAV per Zero Dividend Preference Share           154.150000p

Estimated TAV per Unit                                     365.333684

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