Dividend Declaration

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

DIVIDEND DECLARATION

Legal Entity Identifier: 54930049CEWDI46Y3U28

Information disclosed in accordance with DTR 6.1.13

The Board of JPMorgan European Smaller Companies Trust plc announces today that, subject to shareholder approval at the forthcoming Annual General Meeting, a final dividend of 5.5 pence per share will be paid on 18th July 2018 to shareholders on the register at the close of business on 15th June 2018 (ex dividend date 14th June 2018).

For further information, please contact:

Faith Pengelly

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000

6th June 2018