Ten Largest Investments

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

Legal Entity Identifier: 549300KP3CRHPQ4RF811

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

Misumi Group

2.4%

Iriso Electronics

2.4%

Benefit One

2.3%

Asahi Intecc

2.1%

Sanwa

1.9%

Seria

1.9%

Taiheiyo Cement

1.9%

Chiba Bank

1.8%

SMS

1.7%

DTS

1.7%

Total

20.1%

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Alison Vincent 0044 207 742 6216 - Company Secretary

Date: 10 August 2017