JPMorgan Investment Funds - March Interim Distribution

JPMORGAN INVESTMENT FUNDS
Société d’Investissement à Capital Variable,
European Bank & Business Centre, 6, route de Trèves,
L-2633 Senningerberg, Grand Duchy of Luxembourg
R.C. Luxembourg B 49663

Notice to Shareholders

Notice is hereby given that the following interim dividend will be paid on 19 March 2009 to the Shareholders of the Funds at record date 2 March 2009.

The final dividend will be decided at the Annual General Meeting of Shareholders on 24 April 2009.

ISIN Fund name Dividend Rate TID
LU0247991663 JPM Global Capital Preservation (EUR) A (dist) - EUR 1.59 1.59
LU0247991317 JPM Global Balanced (EUR) A (dist) - EUR 7.22 0.70
LU0247985269 JPM US Dynamic Small Cap A (dist) - USD 2.24 n/a
LU0248026980 JPM Europe Select Mega Cap A (dist) - EUR 7.50 n/a
LU0247985939 JPM Global Balanced (USD) A (dist) - USD 1.83 0.64
LU0247983306 JF Asia ex-Japan A (dist) - USD 3.97 n/a
LU0248026808 JPM Europe Select Equity A (dist) - EUR 18.38 n/a
LU0247984379 JPM Global Select Equity A (dist) - USD 0.93 n/a
LU0247983561 JPM Global Select 130/30 A (dist) - USD 1.71 n/a
LU0247991580 JPM Global Capital Appreciation A (dist) - EUR 4.12 0.57
LU0247984296 JPM Global Healthtech A (dist) - USD 2.00 n/a
LU0247983728 JPM Global Financials A (dist) - USD 3.20 n/a
LU0247989170 JPM Europe Recovery A (dist) - EUR 1.35 n/a
LU0247991234 JPM Global Total Return A (dist) - EUR 2.80 n/a
LU0247987802 JPM Europe Strategic Dividend A (dist) - EUR 2.94 n/a
LU0273792738 JPM Highbridge Statistical Market Neutral A (dist) - GBP 3.09 3.10
LU0291070257 JPM Japan Behavioural Finance Equity A (dist) - USD 0.42 n/a
LU0329204548 JPM Japan Strategic Value A (dist) - GBP 0.30 n/a
LU0247992638 JPM Global Capital Preservation (EUR) A (inc) - EUR 0.45 0.45
LU0248012337 JPM Global Capital Preservation (EUR) I (inc) - EUR 1.14 1.14
LU0247992398 JPM Global Capital Appreciation A (inc) - EUR 1.76 0.71
LU0247992984 JPM Global Enhanced Bond A (inc) - EUR 1.00 1.00
LU0247992042 JPM Global Total Return A (inc) - EUR 1.17 n/a
LU0289478959 JPM Europe Strategic Dividend A (inc) - EUR 2.55 n/a
LU0247993289 JPM Global High Yield Bond A (inc) - EUR (hedged) 7.39 5.65
LU0248018532 JPM Global High Yield Bond I (inc) - EUR (hedged) 1.70 1.70
LU0273792571 JPM Highbridge Statistical Market Neutral A (inc) - EUR 2.30 2.30
LU0323456201 JPM Income Opportunity A (dist) - GBP Hedged 1.18 1.18
LU0323455815 JPM Highbridge Statistical Market Neutral A (dist) - GBP Hedged 0.71 0.20
LU0323455906 JPM Highbridge Statistical Market Neutral C (dist) - GBP Hedged 1.02 0.27

The shares will be quoted ex-dividend as from 3 March 2009.

Dividends will be reinvested on 19 March 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.

March 2009
THE BOARD OF DIRECTORS