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: 31 May 2017

Ipsos

2.2%

Ubisoft Entertainment

2.1%

SalMar

2.1%

Stabilus

2.1%

Metso

2.0%

Tarkett

2.0%

Alten

2.0%

Interpump Group

2.0%

ams AG

2.0%

Maisons du Monde

2.0%

Total

20.5%

Excludes Investments in Liquidity stocks

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Jonathan Latter 0044 207 742 3408 - Company Secretary

Date: 12 June 2017