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 lawsuit filed by VTB Bank in Russia claiming $439 million against eight J.P. Morgan legal entities and the Company, the Board announces the following update from the Company's Manager (in italics):

"On 10 September 2025, the judgment awarding damages of $439 million was upheld on appeal in VTB's favour.

We expect VTB will obtain a writ of enforcement in mid-September, with which it can collect against J.P. Morgan assets in Russia. VTB will need to serve the writ of enforcement on the Central Bank of Russia to start the process of execution. We will appeal further and seek a stay of enforcement but the court may permit enforcement to proceed in any event."

As previously reported in the 31st October 2024 annual report and financial statements, Russian Decree 8 offers protection to client securities and RUB cash in S type accounts from the enforcement of court decisions issued after 3rd January 2024. The Russian courts have so far respected this. However, the situation remains dynamic.

The Board will continue to monitor the situation closely and will provide further updates on the impact of the judgment on the Company as and when more information becomes available.

11th September 2025

For further information:

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

Hugh Jonathan, Deutsche Numis 020 7260 1000