JPMorgan Private Bank Funds - March Interim Distribution

JPMORGAN PRIVATE BANK FUNDS I
Société d’Investissement à Capital Variable,
European Bank & Business Centre, 6, route de Trèves,
L-2633 Senningerberg, Luxembourg
R.C. Luxembourg B 114378

Notice is hereby given that the following interim dividend will be paid on 22 June 2009 to the Shareholders of the Funds at record date 10 June 2009.

The final dividend will be decided at the Annual General Meeting of Shareholders on 31 July 2009.

ISIN Fund name Dividend Rate TID
LU0298403857 JPM Diversified Fixed Income Fund (GBP) C (dist) GBP 1.76 1.76
LU0318667747 JPM Diversified Fixed Income Fund (USD) A (inc) 1.30 1.30
LU0318668042 JPM Diversified Fixed Income Fund (USD) C (inc) 2.03 0.80

The shares will be quoted ex-dividend as from 11 June 2009.

Dividends will be reinvested on 22 June 2009 unless a Shareholder elects to receive a dividend payment in which case payment will be made in the currency of the Fund. Any request for a dividend payment must be made to the Company or its Agent in writing.

June 2009
THE BOARD OF DIRECTORS