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 May 2017

Asahi Intecc

2.3%

Misumi Group

2.2%

Iriso Electronics

2.2%

Benefit One

2.2%

Sanwa

2.1%

Seria

1.9%

FUJITSU GENERAL

1.9%

Temp Holdings

1.8%

DTS

1.7%

Cosmos Pharmaceutical

1.7%

Total

20.0%

Name of contact and telephone number for queries:

Debbie Sarfas 0044 207 742 3449

Name of authorised company official responsible for making this notification:

Rhys Williams 0044 207 742 5073 - Company Secretary

Date: 12 June 2017