Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

JPMorgan Elect Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Yes

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Chase Nominees Limited

4. Full name of shareholder(s)  (if different from 3.):iv

Chase Nominees Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

22 November 2016

6. Date on which issuer notified:

22 November 2016

7. Threshold(s) that is/are crossed orreached: vi, vii

Below 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Managed Income (GB0034080217)

Managed Growth (GB0008528142)

Managed Cash

(GB0034080092)

18,503,146

11,111,663

2,369,881

13,199,018

54,004,388

704,129

18,503,146

11,111,663

2,369,881

0

0

0

0%

0%

0%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0

0%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Chase Nominees Limited announces that J.P. Morgan Trustee & Administration Services Limited has a notifiable interest in 12,451,904 Managed Income shares, 8,133,191 Managed Growth shares and 690,323 Managed Cash shares. These shares are held on behalf of participants in the JPMorgan investment trust savings products. J.P. Morgan Trustee & Administration Services Limited has a notifiable interest in these shares because, in certain circumstances and subject to certain limitations agreed with the Takeover Panel to ensure compliance with the Takeover Code, JPMorgan is entitled to exercise the voting rights attached to the shares when the relevant plan participants do not do so.

JPMorgan was entitled to exercise the voting rights attached to these shares in respect of the Company's General and Annual General Meetings held on Tuesday 22 November 2016. This entitlement has ceased following the conclusion of the General and Annual General Meetings.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Rhys Williams

15. Contact telephone number:

020 7742 4000

Note: Annex should only be submitted to the FCA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Chase Nominees Limited

Contact address

(registered office for legal entities)

25 Bank Street, London E14 5JP

Phone number & email

020 7742 4000

[email protected]

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

JPMorgan Funds Limited

Contact address

60 Victoria Embankment, London EC4Y 0JP

Phone number & email

020 7742 4000

[email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FCA website.