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 July 2017

Managed Growth portfolio

JPMorgan UK Dynamic C

11.1%

JPMorgan Claverhouse Inv Trust

9.9%

JPMorgan US Equity All Capital C

8.7%

JPMorgan American Inv Trust

8.6%

JPMorgan US Select Equity C

8.5%

Finsbury Growth & Income

7.2%

JPMorgan European Inv Trust (Growth)

4.8%

JPMorgan Japanese Inv Trust

3.8%

Schroder UK Growth

3.0%

Murray Income Trust

2.9%

Total

68.5%

Managed Income portfolio *

Royal Dutch Shell

7.4%

HSBC

6.7%

British American Tobacco

4.6%

GlaxoSmithKline

4.4%

BP

3.9%

Rio Tinto

3.5%

Lloyds Banking

3.5%

JPMorgan Global High Yield Bond Fund

3.2%

Aviva

2.8%

Vodafone

2.8%

Total

42.8%

Managed Cash portfolio

Fidelity Institutional Sterling Cash Fund

16.9%

Institutional Cash Series Heritage Fund

16.8%

JPMorgan Sterling Liquidity Fund

16.8%

Deutsche Global Liquidity Managed Sterling Fund

16.7%

Insight Sterling Liquidity Fund

16.4%

Aberdeen Sterling Liquidity Fund

16.4%

Total

100.0%

Excludes Investments in Liquidity stocks

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: 10 August 2017