El Oro - Extension of Timetable

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This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction in which the same would be unlawful. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

14 June 2019

JPMorgan Elect plc

Scheme Timetable Update

On 24 May 2019, JPMorgan Elect plc (the "Company") published a prospectus (the "Prospectus") in relation to a proposal to issue new shares of the Company (the "New JPM Elect Shares") (the "Issue") in connection with a scheme of reconstruction of El Oro Ltd ("El Oro") (the "Scheme").

The prospectus set out an expected timetable of the Issue (the "Timetable") which corresponded to the timetable in the Scheme circular published by El Oro on 24 May 2019 (the "Circular"). The Circular included details of a freehold property in the El Oro portfolio (the "Freehold Property") which had not been sold at the point of publication of the Prospectus and Circular. Furthermore, it was stated that the Scheme calculation date may be postponed if the net proceeds from the sale of the Freehold Property had not been received by 18 June 2019. The Company has been informed by El Oro that the completion date for the Freehold Property sale, and proceeds thereof, has been set for 27 June 2019 and therefore the Timetable has been updated accordingly.

The updated timetable is as follows:

Each of the times and dates in the updated timetable above may (where permitted by law) be further extended or brought forward without further notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through a Regulatory Information Service. All references to times in this document are to London time.

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Prospectus.

For further information: