Ten Largest Investments

JPMORGAN ELECT PLC (the 'Company')

Legal Entity Identifier: 549300FIUYKKL39ILD07

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 30 June 2017

Managed Growth portfolio

JPMorgan UK Dynamic C

11.0%

JPMorgan Claverhouse Inv Trust

9.9%

JPMorgan US Equity All Capital C

8.7%

JPMorgan American Inv Trust

8.6%

JPMorgan US Select Equity C

8.5%

Finsbury Growth & Income

7.1%

JPMorgan European Inv Trust (Growth)

4.9%

JPMorgan Japanese Inv Trust

3.9%

Schroder UK Growth

3.0%

Murray Income Trust

3.0%

Total

68.6%

Managed Income portfolio

Royal Dutch Shell

7.1%

HSBC

6.4%

British American Tobacco

5.2%

GlaxoSmithKline

4.7%

BP

3.9%

Lloyds Banking

3.6%

Rio Tinto

3.3%

JPMorgan Global High Yield Bond Fund

3.2%

Aviva

2.8%

Vodafone

2.8%

Total

43.0%

Managed Cash portfolio

JPMorgan Sterling Liquidity Fund

17.2%

Institutional Cash Series Heritage Fund

17.1%

Deutsche Global Liquidity Managed Sterling Fund

17.1%

Insight Sterling Liquidity Fund

16.8%

Fidelity Institutional Sterling Cash Fund

16.8%

Aberdeen Sterling Liquidity Fund

15.0%

Total

100.0%

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Faith Pengelly 0044 207 742 8627 - Company Secretary

Date: 12 July 2017