JPMF: JPMorgan Funds - JPMIF: JPMorgan Investment Funds - JPMLF: JPMorgan Liquidity Funds 
AGM: Annual General Meeting – EGM: Extraordinary General Meeting 

This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be taken as advice or a recommendation, to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. It should be noted that the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Changes in exchange rates may have an adverse effect on the value, price or income of the products or underlying overseas investments. Past performance and yield are not a reliable indicator of current and future results. There is no guarantee that any forecast made will come to pass. Furthermore, whilst it is the intention to achieve the investment objective of the investment products, there can be no assurance that those objectives will be met. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy . 

As the product may not be authorised or its offering may be restricted in your jurisdiction, it is the responsibility of every reader to satisfy himself as to the full observance of the laws and regulations of the relevant jurisdiction. Prior to any application investors are advised to take all necessary legal, regulatory and tax advice on the consequences of an investment in the products. Shares or other interests may not be offered to, or purchased, directly or indirectly by US persons. All transactions should be based on the latest available Prospectus, the Key Investor Information Document (KIID) and any applicable local offering document. These documents together with the annual report, semi-annual report and the articles of incorporation for the Luxembourg domiciled products are available free of charge upon request from JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, your financial adviser or your J.P. Morgan Asset Management regional contact. 

This communication is issued in Europe (excluding UK) by JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, R.C.S. Luxembourg B27900, corporate capital EUR 10.000.000. 

Important information for the investors holding shares through an Intermediary :

Investors can hold their shares either directly or through an intermediary or a nominee ("Intermediary"). Should the shares be held through an Intermediary, the investor will be referred to hereafter as a "Nominee Investor". As a "Nominee Investor", you are entitled to be provided by your Intermediary with some information, including the above Fund News & Announcements, and services relating to the JPMorgan Asset Management (Europe) S.à r.l managed funds (JPMAME's Funds) you have invested in through your Intermediary (this information and the services are referred to as "Nominee Services"). The Nominee Investor has invested in the JPMAME's Funds under the name of such Intermediary and the Nominee Investor's name will not appear directly in the Funds' registrar. Therefore the information provided herewith does not constitute a delegation, assignment, sub-contract and/or transfer of any of the Nominee Services endorsed by the Intermediary to the benefit of the Nominee Investor under Luxemburgish Law. As a Nominee Investor, the information relating to dividend distribution given in these Fund News & Announcements may not apply to your own benefit. Please consult your Intermediary to obtain further details on dividend distribution. For any further information with regard to the Fund News & Announcements, please refer to your Intermediary.