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: 29 Mar 2018

Itaú Unibanco Multiplo ADR Preference

10.5%

Banco Bradesco ADR

9.1%

Vale

6.7%

B3 SA - Brasil Bolsa Balcao

5.6%

Lojas Renner

4.8%

Ambev ADR

4.8%

Raia Drogasil

4.0%

Fleury

3.3%

Banco do Brasil

3.3%

Kroton Educacional

3.3%

Total

55.4%

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: 13 April 2018