Close Period Announcement

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

(the 'Company')

Compliance with Market Abuse Regulation

Legal Entity Identifier: 54930049CEWDI46Y3U28

Information disclosed in accordance with Market Abuse Regulation Article 19, paragraph 11

The Company announces that it is satisfied that all inside information which the Directors and the Company may have in the period leading up to the announcement of its results for the year ended 31st March 2019 has previously been, and will continue to be, notified via a regulatory information service. Therefore the Company is not prohibited from dealing in its own securities.

The mandatory closed period under MAR will commence on 23rd April 2019 and will last until the results in respect for the year ended 31st March 2019 are published on or around 4th June 2019.

If in the period leading up to the announcement of the year end results the Directors of the Company come into the possession of any inside information, this will be notified to a RIS before any such transactions are undertaken.

JPMorgan Funds Limited - Secretary

1st April 2019

For further information, please contact:

Faith Pengelly

JPMorgan Funds Limited

020 7742 4000