Monthly Portfolio Update

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

("JARA" or the "Company")

MONTHLY PORTFOLIO UPDATE

Legal Entity Identifier: 549300D8JHZTH6GI8F97

Net Asset Value

The Company's unaudited net asset value ('NAV') as at 31st March 2026 was 96.25 pence per share (28th February 2026 NAV: 94.44 pence per share), an increase of 1.9%. The Company's share price as at 31st March 2026 was 73.20 pence and the discount to NAV was 23.9%.

An analysis of the components of this NAV, and the relevant dates for their valuation, are provided below.

Strategies

*principally the monies due from the Real Estate Equity - Asia Pacific strategy (see below).

Exchange Rates

The GBP/USD exchange rate was 1.31870 as at 31st March 2026 (28th February 2026: 1.34445).

Private Funds - Redemptions

The Company has received notification that its holding in the Real Estate Equity - Asia Pacific strategy has been fully redeemed. This is earlier than had been expected. The proceeds are due to be received on or around 23 April 2026. This redemption has been reflected in the above table. The Board is now determining the timing and quantum of a fourth return of capital to shareholders, and a further announcement will follow shortly.

The Board is confident that, by the end of June 2026, more than 80% of JARA's assets as at 31 December 2024 will have been returned to shareholders, and the Board expects this number to have reached 85% by 31 December 2026.

7th April 2026

For and on behalf of

JPMorgan Funds Limited - Company Secretary

E-mail: [email protected]

Telephone: 0800 20 40 20 (or +44 1268 44 44 70)