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 Jan 2018

Amplifon

2.8%

Sopra Steria

2.4%

IMCD

2.4%

SimCorp

2.4%

Forbo Holding

2.3%

Husqvarna

2.3%

Skandiabanken

2.2%

Huhtamaki

2.1%

Technogym

2.1%

Alten

2.1%

Total

23.1%

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Faith Pengelly 0044 207 742 8627 - Company Secretary

Date: 12 February 2018