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: 31 Dec 2017

Itaú Unibanco Multiplo ADR Preference

9.2%

Vale

6.7%

Banco Bradesco ADR

6.4%

Lojas Renner

5.3%

Raia Drogasil

5.1%

Ambev ADR

5.0%

B3 SA - Brasil Bolsa Balcao

5.0%

Kroton Educacional

4.6%

Fleury

3.8%

WEG

3.7%

Total

54.8%

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: 11 January 2018