Ten Largest Investments

JPMORGAN BRAZIL INVESTMENT TRUST PLC (the 'Company')

Legal Entity Identifier: 5493002T5BE3YCTKTE20

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 31 January 2017

Itaú Unibanco Multiplo ADR Preference

10.2%

Vale

9.7%

Banco Bradesco ADR

5.6%

Lojas Renner

4.4%

BM&F Bovespa SA Bolsa de Valores

4.3%

Raia Drogasil

4.1%

Kroton Educacional

4.1%

Itaúsa

3.8%

BB Seguridade Participações

3.7%

WEG

3.5%

Total

53.4%

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Divya Amin 0044 207 742 1025 - Company Secretary

Date: 14 February 2017