Company Update

14 April 2022

Jupiter Emerging and Frontier Income Trust plc

(the "Company")

Company Update

Further to the Company's announcement on 8 March 2022 of the Board's intention to put forward proposals for a members' voluntary liquidation of the Company alongside a possible rollover option, the Board has now reviewed a number of proposals for rollover vehicle candidates and has concluded not to offer a rollover option. Accordingly, the Board intends to put forward formal proposals to shareholders to wind up the Company which, subject to shareholder approval of these proposals, will provide all shareholders with a full cash exit less costs. The associated circular to shareholders is expected to be published in May 2022.

Enquiries:

Magnus Spence

Jupiter Asset Management Limited, Company Secretary

020 3817 1000

investmentcompanies@jupiteram.com

Peel Hunt (Broker)

Liz Yong / Luke Simpson

020 7418 8900