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 July 2020

ASMI

3.3%

Bravida

3.1%

SIG

2.9%

ams AG

2.5%

Solaria

2.5%

Siegfried

2.5%

Royal Unibrew

2.4%

Ipsen

2.3%

Falck Renewables

2.3%

Signify

2.3%

Total

25.9%

Excludes Investments in Liquidity stocks

Name of contact and telephone number for queries:

Paul Ainger 0044 207 742 6524

Name of authorised company official responsible for making this notification:

Jonathan Latter 0044 207 742 3408 - Company Secretary

Date: 12 August 2020