<Page>

     CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES OXLEY ACT OF 2002

This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, 18 U.S.C. Section 1350, and accompanies the report on Form N-CSR for
the period ended August 31, 2003 of the JPMorgan Fleming Emerging Market Debt
Fund, a series of J.P. Morgan Funds (the "Registrant").

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

1.   The Form N-CSR fully complies with the requirements of Section 13(a) or
     15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)),
     as applicable; and

2.   The information contained in the Form N-CSR fairly presents, in all
     material respects, the financial condition and results of operations of the
     JPMorgan Fleming Emerging Market Debt Fund, a series of the Registrant.


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

October 21, 2003
- --------------------------------------
Date

This certificate is furnished pursuant to the requirements of Form N-CSR and
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, or otherwise subject to the liability of that section, and
shall not be deemed to be incorporated by reference into any filing under the
Securities Act of 1933 or the Exchange Act of 1934.

<Page>

CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES OXLEY ACT OF 2002

This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, 18 U.S.C. Section 1350, and accompanies the report on Form N-CSR for
the period ended August 31, 2003 of the JPMorgan Fleming Emerging Market Debt
Fund, a series of J.P. Morgan Funds (the "Registrant").

I, David Wezdenko, certify that:

1.   The Form N-CSR fully complies with the requirements of Section 13(a) or
     15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)),
     as applicable; and

2.   The information contained in the Form N-CSR fairly presents, in all
     material respects, the financial condition and results of operations of the
     JPMorgan Fleming Emerging Market Debt Fund, a series of the Registrant.


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

October 21, 2003
- --------------------------------------
Date

This certificate is furnished pursuant to the requirements of Form N-CSR and
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, or otherwise subject to the liability of that section, and
shall not be deemed to be incorporated by reference into any filing under the
Securities Act of 1933 or the Exchange Act of 1934.