Issue of Equity

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

ISSUE OF SHARES

Legal Entity Identifier: 549300D8JHZTH6GI8F97

JPMorgan Global Core Real Assets Limited announces that today it issued 1,075,000 new Ordinary shares for cash at 109.25 pence per share, pursuant to its Placing Programme of up to 1 billion Ordinary Shares and/or C shares (excluding any Ordinary Shares issued pursuant to the Issue), as described in the Prospectus. The shares have been issued under the Company's existing block listing facility.

Following this issue, the Company's issued share capital consists of 202,640,952 Ordinary shares.

A copy of the Prospectus is available for inspection at:

http://www.morningstar.co.uk/uk/NSM.

18th June 2020

Alison Vincent

JPMorgan Funds Limited - Company Secretary

Telephone 0207 742 4000

For further information and for further stock issuance, please contact:

Fin Bodman / Richard Plaskett

JPMorgan Funds Limited

Telephone 0207 742 4000

Charlotte Crowe

J.P.Morgan Securities plc

0207 742 8805