JPMorgan <strong>Funds</strong> Appendix - Unaudited Additional Disclosures (continued) Shares Outstanding at the Beginning of the Year 243 Shares Subscribed Shares Redeemed Shares Outstanding at the End of the Year 9. Historical Statement of Changes in the Number of Shares - for the year ended 30 June 2005 (continued) JPMorgan Fleming <strong>Funds</strong> - US Small Cap Growth Fund (8) JPMF US Small Cap Growth A (acc) - USD - 471,414.119 220,100.969 251,313.150 JPMF US Small Cap Growth A (dist) - USD 1,069,243.855 543,250.899 799,412.286 813,082.468 JPMF US Small Cap Growth A (dist) - GBP 7,834.151 942.652 3,121.191 5,655.612 JPMF US Small Cap Growth B (acc) - USD - 1,274,431.701 1,274,431.701 - JPMF US Small Cap Growth D (acc) - USD JPMorgan Fleming <strong>Funds</strong> - US Strategic Growth Fund 160,536.886 116,908.397 96,887.942 180,557.341 JPMF US Strategic Growth A (acc) - USD - 1,000.000 - 1,000.000 JPMF US Strategic Growth A (dist) - USD 816,119.545 2,758,121.357 690,427.081 2,883,813.821 JPMF US Strategic Growth A (dist) - GBP 7,453.603 1,029.032 4,363.821 4,118.814 JPMF US Strategic Growth D (acc) - USD JPMorgan Fleming <strong>Funds</strong> - US Strategic Value Fund 36,331.576 142,474.762 13,114.479 165,691.859 JPMF US Strategic Value A (acc) - USD - 9,416,447.773 667,698.931 8,748,748.842 JPMF US Strategic Value A (dist) - USD 35,029,456.715 87,610,584.273 43,772,162.073 78,867,878.915 JPMF US Strategic Value A (dist) - GBP 23,989.276 54,426.704 6,074.658 72,341.322 JF US Strategic Value A (dist) - USD 1,000.000 377,324.512 182,518.610 195,805.902 JPMF US Strategic Value B (acc) - USD - 743,981.213 312,966.112 431,015.101 JPMF US Strategic Value C (acc) - USD - 5,132,651.902 655,491.652 4,477,160.250 JPMF US Strategic Value D (acc) - USD 7,054,179.204 8,668,023.535 2,436,812.911 13,285,389.828 JPMF US Strategic Value X (acc) - USD JPMorgan Fleming <strong>Funds</strong> - US Technology Fund - 6,822,900.556 1,214,549.169 5,608,351.387 JPMF US Technology A (acc) - USD - 262,788.025 116,167.067 146,620.958 JPMF US Technology A (dist) - GBP 46,709.857 3,365.501 9,135.396 40,939.962 JPMF US Technology A (dist) - USD 21,786,408.921 15,295,984.342 19,142,773.757 17,939,619.505 JF US Technology A (dist) - USD 7,578,185.568 4,564,519.886 7,035,581.495 5,107,123.959 JPMF US Technology D (acc) - USD (8) Name changed from America Small Cap Fund on 1 December 2004. 732,136.987 2,492,196.555 1,658,454.634 1,565,878.908
JPMorgan <strong>Funds</strong> Appendix - Unaudited Additional Disclosures (continued) Shares Outstanding at the Beginning of the Year Shares Subscribed Shares Redeemed 244 Shares Outstanding at the End of the Year 10. Historical Statement of Changes in the Number of Shares - for the year ended 30 June 2004 (continued) JPMorgan <strong>Funds</strong>- America Equity Fund JPM America Equity A - USD 22,774,945.341 20,927,675.484 20,176,171.115 23,526,449.710 JF America Equity A - USD 1,320,200.157 1,444,879.919 1,879,928.336 885,151.740 JPM America Equity D - USD JPMorgan <strong>Funds</strong>- America Large Cap Fund 6,036,639.233 2,024,702.876 5,449,677.507 2,611,664.602 JPM America Large Cap A - USD 36,663,757.897 14,578,288.917 33,740,067.960 17,501,978.854 JPM America Large Cap D - USD JPMorgan <strong>Funds</strong> - America Micro Cap Fund 4,878,175.875 89,853.678 4,849,687.932 118,341.621 JPM America Micro Cap A - USD 3,028,624.013 4,398,606.424 2,865,963.163 4,561,267.274 JF America Micro Cap - A USD 1,000.000 282,502.550 78,204.766 205,297.784 JPM America Micro Cap D - USD JPMorgan <strong>Funds</strong> - America Small Cap Fund 22,631.667 764,506.611 87,055.699 700,082.579 JPM America Small Cap A - USD 1,501,501.556 974,223.249 1,406,480.950 1,069,243.855 JPM America Small Cap A-GBP 3,272.107 4,562.044 - 7,834.151 JPM America Small Cap D - USD JPMorgan <strong>Funds</strong> - Asia Equity Fund 64,405.646 118,317.346 22,186.106 160,536.886 JF Asia Equity A - USD 36,024,467.917 33,593,176.294 36,422,904.036 33,194,740.175 JF Asia Equity A-GBP 12,449.466 32,316.940 4,226.300 40,540.106 JF Asia Equity D - USD JPMorgan <strong>Funds</strong> - Balanced Fund 746,643.878 4,444,273.353 4,185,699.424 1,005,217.807 JPM Balanced A - EUR 2,822,390.598 1,086,954.302 526,708.322 3,382,636.578 JPM Balanced D - EUR JPMorgan <strong>Funds</strong> - China Fund 46,123.407 805,123.938 151,462.340 699,785.005 JF China A - USD 22,369,834.807 39,469,026.871 26,605,301.763 35,233,559.915 JF China D - USD JPMorgan <strong>Funds</strong> - Eastern Europe Equity Fund 877,533.307 1,733,031.622 1,346,723.296 1,263,841.633 JPM Eastern Europe Equity A - EUR 28,182,671.263 19,362,867.250 20,245,869.394 27,299,669.119 JF Eastern Europe Equity A - EUR 1,088,837.385 3,083,018.022 2,386,837.933 1,785,017.474 JPM Eastern Europe Equity D - EUR JPMorgan <strong>Funds</strong> - Emerging Europe Equity Fund 90,496.796 719,575.853 219,387.900 590,684.749 JPM Emerging Europe Equity A - USD 9,105,216.664 12,226,561.928 10,932,937.227 10,398,841.365 JPM Emerging Europe Equity D - USD JPMorgan <strong>Funds</strong> - Emerging Markets Equity Fund 788,108.685 528,617.998 912,135.818 404,590.865 JPM Emerging Markets Equity A - USD 39,565,436.288 34,058,606.036 31,139,619.152 42,484,423.172 JPM Emerging Markets Equity A-GBP 5,624.073 41,503.287 6,090.472 41,036.888 JPM Emerging Markets Equity D - USD JPMorgan <strong>Funds</strong> - Euroland Equity Fund 33,694.195 481,797.004 167,321.096 348,170.103 JPM Euroland Equity A - EUR 12,636,853.401 8,535,223.973 7,765,079.528 13,406,997.846 JF Euroland Equity A - USD 12,223,070.229 2,130,283.838 4,510,900.162 9,842,453.905 JPM Euroland Equity D - EUR JPMorgan <strong>Funds</strong> - Europe Aggregate Bond Fund 4,409,553.136 1,076,237.028 4,487,146.575 998,643.589 JPM Europe Aggregate Bond A - EUR 29,368,761.082 16,249,609.724 19,611,568.340 26,006,802.466 JPM Europe Aggregate Bond D - EUR JPMorgan <strong>Funds</strong> - Europe Convergence Equity Fund 1,744,429.047 718,446.078 2,025,197.177 437,677.948 JPM Europe Convergence Equity A - EUR 7,546,641.204 8,490,194.667 7,168,117.595 8,868,718.276 JPM Europe Convergence Equity D - EUR JPMorgan <strong>Funds</strong> - Europe Dynamic Fund 118,210.256 673,694.542 184,136.600 607,768.198 JPM Europe Dynamic A - EUR 42,375,115.202 85,094,834.073 46,924,244.105 80,545,705.170 JPM Europe Dynamic A-GBP 51,681.163 140,527.511 81,297.664 110,911.010 JF Europe Dynamic A - EUR - 11,000.000 10,000.000 1,000.000 JPM Europe Dynamic D - EUR JPMorgan <strong>Funds</strong> - Europe Equity Fund 2,144,776.195 3,930,045.104 2,487,275.321 3,587,545.978 JPM Europe Equity A - EUR 31,380,449.352 46,254,160.375 24,181,464.893 53,453,144.834 JPM Europe Equity A - USD 8,894,399.254 2,239,604.893 4,164,437.756 6,969,566.391 JF Europe Equity A - USD 2,205,433.324 329,412.409 669,444.613 1,865,401.120 JPM Europe Equity D - EUR 2,325,029.103 5,559,455.625 1,810,105.986 6,074,378.742 JPMorgan <strong>Funds</strong> - Europe High Yield Bond Fund JPM Europe High Yield Bond A - EUR 27,417,873.851 20,515,284.764 32,531,091.164 15,402,067.449 JPM Europe High Yield Bond D - EUR JPMorgan <strong>Funds</strong> - Europe Small Cap Fund 963,570.489 1,094,620.545 1,507,741.935 550,449.099 JPM Europe Small Cap A - EUR 27,956,984.806 16,210,799.960 12,904,552.828 31,263,231.938 JPM Europe Small Cap A - GBP 9,171.844 717.057 84.000 9,804.901 JF Europe Small Cap A - EUR 10,562.197 447,278.970 174,627.406 283,213.761 JPM Europe Small Cap D - EUR 88,742.893 914,859.331 280,742.838 722,859.386
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