Dividend Declaration

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

INTERIM DIVIDEND DECLARATION

Legal Entity Identifier: 54930049CEWDI46Y3U28

Information disclosed in accordance with LR 9.7A.2

The Board of JPMorgan European Smaller Companies Trust plc announces that an interim dividend of 1.2 pence per share will be paid on 19th January 2018 to shareholders on the register at the close of business on 22nd December 2017 (ex-dividend date 21st December 2017).

11th December 2017

For further information, please contact:

Faith Pengelly

For and on behalf of

JPMorgan Funds Limited, Company Secretary

020 7742 4000