Management Fee Reduction

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN GLOBAL EMERGING MARKETS INCOME TRUST PLC

MANAGEMENT FEE REDUCTION

Legal Entity Identifier: 549300OPJXU72JMCYU09

The Board of JPMorgan Global Emerging Markets Income Trust plc (the 'Company') announces that, following a review, it has reached agreement with JPMorgan Funds Limited, its Manager, to amend the Company's investment management fee arrangements.

With effect from 1st August 2020, the investment management fee will be charged at the rate of 0.9% per annum (previously 1.0% per annum) on the net asset value of the Company's portfolio.

The fee will continue to be calculated and paid monthly.

23rd July 2020

JPMorgan Funds Limited

Company Secretary

For further information, please contact:

Divya Amin

JPMorgan Funds Limited, 020 7742 4000