Russian Court Order - Update

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC ('the Company' or 'JEMA')

Legal Entity Identifier: 549300II3MHI98ZLVH37

Russian Court Order - Update

Further to the Board's previous RNS announcements regarding the three lawsuits filed by VTB Bank in Russia claiming $439 million, $81.3 million and $74.5 million against eight J.P. Morgan legal entities and JPMorgan Emerging Europe, Middle East & Africa Securities plc (JEMA), the Board announces the following update from the Company's Manager regarding new litigation (in italics):

" Eight J.P. Morgan legal entities and JPMorgan Emerging Europe, Middle East & Africa Securities plc ("JEMA") have been named as defendants in a new civil claim filed by VTB Bank PJSC ("VTB") on 20 March 2025 in the Arbitration Court of Saint Petersburg and Leningrad Region. VTB claims damages of €108,636,829.56 in connection with the early termination of transactions outstanding under an ISDA Master Agreement dated 18 June 2015 between J.P. Morgan Securities plc and VTB. VTB has also applied for an injunction to prohibit the defendants from seeking anti-suit injunctive relief to restrain the Russian claim. We are monitoring the proceedings."

In response to the above information, Eric Sanderson, the Chairman of the Company commented that:

"This latest claim from VTB adds to the uncertainty of the values of the Company's Russian assets ever being realisable. The Board also note that the Russian court continues to allow VTB to include the Company as a defendant in their case in addition to eight J.P.Morgan legal entities.

The Company's previous RNS announcements are available to view on the London Stock Exchange website and its reports and financial statements and other information about the Company are available to view on the Company's website. Links to these sites are provided below:

https://www.londonstockexchange.com/stock/JEMA/jpmorgan-emerging-europe-middle-east-africa-securities-plc/analysis

www.jpmeemeasecurities.com

The Board will provide a further update once the court decision is announced."

25th March 2025

For further information:

Paul Winship, Neil Martin, JPMorgan Funds Limited 0800 20 40 20

Hugh Jonathan, Deutsche Numis 020 7260 1000