<Page>

     CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES OXLEY ACT OF 2002

I, George C.W. Gatch, certify that:

1. I have reviewed this report on Form N-CSR of the JPMorgan Tax Aware Large Cap
Growth Fund and JPMorgan Tax Aware Large Cap Value Fund (the "Funds"), each a
series of J.P. Morgan Mutual Fund Select Group;

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements and other information
included in this report, fairly present in all material respects the financial
condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the
Funds as of, and for, the periods presented in this report;

4. The Funds' other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in rule 30a-2(c)
under the Investment Company Act) for the Funds and have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the Funds, including its consolidated
         subsidiaries, is made known to us by others within those entities,
         particularly during the period in which this report is being prepared;
         b) evaluated the effectiveness of the Funds' disclosure controls and
         procedures as of a date within 90 days prior to the filing date of this
         report (the "Evaluation Date"); and
         c) presented in this report our conclusions about the effectiveness of
         the disclosure controls and procedures based on our evaluation as of
         the Evaluation Date;

5. The Funds' other certifying officers and I have disclosed, based on our most
recent evaluation, to the Funds' auditors and the audit committee of the Funds'
board of directors (or persons performing the equivalent functions):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the Funds' ability to record,
         process, summarize, and report financial data and have identified for
         the Funds' auditors any material weaknesses in internal controls; and
         b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the Funds' internal
         controls; and

6. The Funds' other certifying officers and I have indicated in this report
whether or not there were significant changes in internal controls or in other
factors that could significantly affect internal controls subsequent to the date
of our most recent evaluation, including any corrective actions with regard to
significant deficiencies and material weaknesses.

/s/ George C.W. Gatch
- --------------------------------------
George C.W. Gatch
President

6/19/03
- --------------------------------------
Date

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     CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES OXLEY ACT OF 2002

I, David Wezdenko, certify that:

1. I have reviewed this report on Form N-CSR of the JPMorgan Tax Aware Large Cap
Growth Fund and JPMorgan Tax Aware Large Cap Value Fund (the "Funds"), each a
series of J.P. Morgan Mutual Fund Select Group;

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements and other information
included in this report, fairly present in all material respects the financial
condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the
Funds as of, and for, the periods presented in this report;

4. The Funds' other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in rule 30a-2(c)
under the Investment Company Act) for the Funds and have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the Funds, including its consolidated
         subsidiaries, is made known to us by others within those entities,
         particularly during the period in which this report is being prepared;
         b) evaluated the effectiveness of the Funds' disclosure controls and
         procedures as of a date within 90 days prior to the filing date of this
         report (the "Evaluation Date"); and
         c) presented in this report our conclusions about the effectiveness of
         the disclosure controls and procedures based on our evaluation as of
         the Evaluation Date;

5. The Funds' other certifying officers and I have disclosed, based on our most
recent evaluation, to the Funds' auditors and the audit committee of the Funds'
board of directors (or persons performing the equivalent functions):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the Funds' ability to record,
         process, summarize, and report financial data and have identified for
         the Funds' auditors any material weaknesses in internal controls; and
         b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the Funds' internal
         controls; and

6. The Funds' other certifying officers and I have indicated in this report
whether or not there were significant changes in internal controls or in other
factors that could significantly affect internal controls subsequent to the date
of our most recent evaluation, including any corrective actions with regard to
significant deficiencies and material weaknesses.

/s/ David Wezdenko
- --------------------------------------
David Wezdenko
Treasurer

6/18/03
- --------------------------------------
Date