Ten Largest Investments

JPMORGAN ELECT PLC (the 'Company')

Legal Entity Identifier: 549300FIUYKKL39ILD07

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

Managed Growth portfolio

JPMorgan UK Dynamic C

11.5%

JPMorgan Claverhouse Inv Trust

9.6%

JPMorgan US Select Equity C

9.4%

JPMorgan American Inv Trust

9.4%

JPMorgan US Equity All Capital C

8.9%

Finsbury Growth & Income

6.3%

FTSE 100 (New Style) Index Equity (Future)

4.4%

JPMorgan European Inv Trust (Growth)

4.4%

JPMorgan Japanese Inv Trust

3.8%

Schroder UK Growth

3.2%

Total

70.8%

Managed Income portfolio

Royal Dutch Shell

8.2%

HSBC

6.5%

British American Tobacco

5.7%

GlaxoSmithKline

4.6%

BP

4.3%

Rio Tinto

3.6%

JPMorgan Global High Yield Bond Fund

3.5%

Imperial Brands

2.7%

BAE Systems

2.7%

National Grid

2.6%

Total

44.4%

Managed Cash portfolio

JPMorgan Sterling Liquidity Fund

16.9%

Institutional Cash Series Heritage Fund

16.9%

Deutsche Global Liquidity Managed Sterling Fund

16.8%

Aberdeen Sterling Liquidity Fund

16.8%

Fidelity Institutional Sterling Cash Fund

16.3%

Insight Sterling Liquidity Fund

16.3%

Total

100.0%

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: 14 February 2017