Ten Largest Investments

JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC (the 'Company')

Legal Entity Identifier: 54930049CEWDI46Y3U28

THE COMPANY ANNOUNCES THE TEN LARGEST INVESTMENTS IN % OF TOTAL ASSETS As at: 28 Feb 2018

Sopra Steria

2.5%

IMCD

2.4%

Husqvarna

2.3%

Forbo Holding

2.2%

Skandiabanken

2.2%

Rubis

2.2%

Alten

2.2%

Huhtamaki

2.1%

Melexis

2.1%

TKH

2.1%

Total

22.3%

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 March 2018